Yesterday, USD weakened against all major currencies.
The retail sales m/m data will be released yesterday indicated a recovery in consumer spending in January.
- Core Retail Sales m/m (Actual: 3.3%, Forecast: 1.0%, Previous: -2.8% revised from -2.3%)
- Retail Sales m/m (Actual: 3.8%, Forecast: 2.1%, Previous: -2.5% revised from -1.9%)
In the released meeting minutes, the FOMC highlighted that if inflation does not fall as they expect, it will be appropriate for the committee to remove policy accommodation at a faster pace.
The retail sales m/m data will be released yesterday indicated a recovery in consumer spending in January.
- Core Retail Sales m/m (Actual: 3.3%, Forecast: 1.0%, Previous: -2.8% revised from -2.3%)
- Retail Sales m/m (Actual: 3.8%, Forecast: 2.1%, Previous: -2.5% revised from -1.9%)
In the released meeting minutes, the FOMC highlighted that if inflation does not fall as they expect, it will be appropriate for the committee to remove policy accommodation at a faster pace.