Key Points
LONDON (Reuters) -Global shares hovered near record highs on Thursday, while the dollar headed for its first weekly gain in a month, ahead of a trio of U.S. data releases that has the potential to shift the outlook for interest rates...
With the next Federal Reserve meeting less than a week away, investors have held on to the view that the central bank will still cut rates around three times this year...
Investors on Thursday will get a look at U.S. wholesale inflation, consumer spending and weekly jobless claims, all of which could offer insight into the Feds three key areas of focus growth, price pressures and the labour market...
In addition to retail sales figures, which last month missed expectations, producer price data, which influences the core personal consumption expenditures (PCE) price index, and initial weekly jobless claims are due...
With payroll growth still solid and inflation proving to be a bit stickier recently, we suspect the FOMC (Federal Open Market Committee) will still be seeking greater confidence at the end of its meeting next week that inflation is headed back to 2% on a durable basis, economists at Wells Fargo said in a client note...
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