A senior US administration official:
- data expected to show smaller growth in Q1 than Q4, slower inventory growth likely an issue after big jump in Q4
- US GDP data also expected to show very strong household balance sheets, household consumption, business investment
- US GDP data will show that ‘economic conditions are still very, very strong’
- says Russia’s war in Ukraine likely to have muted impact on Q1 GDP data, US exposure to Russian economy is ‘fairly limited’
- says Friday’s personal consumption expenditures price index data expected to reflect ‘quite elevated’ headline inflation, but core inflation likely to be flat-lined or lower
- US monitoring impact of Ukraine war on European economies very carefully-official
This snapshot from the ForexLive economic data calendar, access it here.
The times in the left-most column are GMT.
The numbers in the right-most column are the ‘prior’ (previous month) result.
The number in the column next to that, where is a number, is what is the consensus median expected.
This article was originally published by Forexlive.com. Read the original article here.
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