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US: Light data calendar this week with GDP in highlight – Rabobank

FXStreet (Delhi) – Jane Foley, Senior FX Strategist at Rabobank, lists down the key data events for the week.

Key Quotes

“The US data schedule today is limited to the Chicago Fed activity index in addition to existing home sales. In light of the US Thanksgiving holiday on Thursday, most of this week’s activity will be concentrated into the first part of the week.”

“Tomorrow is due to bring the second estimate of the US Q3 GDP report and an upward revision is expected which could further increase speculation that the Fed is likely to raise rates next month. Core PCE, however, is expected to remain at a moderate 1.3% q/q which should emphasise risk that the trajectory of Fed tightening is likely to be gradual.”

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