29 Apr 2016
US personal income and spending and Canada’s GDP in focus - BBH
Research Team at BBH, suggests that the yesterday's Q1 US GDP steals much of the importance from today's report on March personal income and spending, though the core PCE deflator, the Fed's preferred inflation measures, will receive attention.
Key Quotes
“It is expected to slip to 1.6% from 1.7%. The April Chicago PMI is seen as a help guide to the national reading out next week. It is expected to ease to 52.6 from 53.6.
University of Michigan's consumer confidence's final reading may tick up, but the inflation expectations measures are more important.
Canada reports February GDP. It may have fallen by 0.2%, leaving the year-over-year rate steady at 1.6%. The softer US dollar tone and the 20% rally in oil this month are helping the Canadian dollar extend its recovery gains.”
Key Quotes
“It is expected to slip to 1.6% from 1.7%. The April Chicago PMI is seen as a help guide to the national reading out next week. It is expected to ease to 52.6 from 53.6.
University of Michigan's consumer confidence's final reading may tick up, but the inflation expectations measures are more important.
Canada reports February GDP. It may have fallen by 0.2%, leaving the year-over-year rate steady at 1.6%. The softer US dollar tone and the 20% rally in oil this month are helping the Canadian dollar extend its recovery gains.”