Date
GMT+01:00
Event Value
May, 22 19:00
★★★
FOMC Meeting Minutes
FOMC Meeting Minutes
Country:
Date: May, 22 19:00
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -

The Federal Open Market Committee (FOMC) Meeting Minutes are a verbatim record of the committee's meeting held about two weeks earlier.

May, 23 09:30
★★★
Retail Sales With Auto Fuel
Retail Sales With Auto Fuel
Country:
Date: May, 23 09:30
Importance: High
Previous: 1.1% m/m; 6.7% y/y
Forecast: -0.4% m/m; 4.5% y/y
Actual: -
Period: Apr

Change in the total value of inflation-adjusted sales at the retail level with auto fuel. It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity.

1.1% m/m; 6.7% y/y
May, 24 00:30
★★★
National CPI
National CPI
Country:
Date: May, 24 00:30
Importance: High
Previous: 0.5%
Forecast: 0.9%
Actual: -
Period: Apr

National Consumer Price Index (CPI) is the key gauge for inflation in Japan. Simply put, inflation reflects a decline in the purchasing power of the Yen, where each Yen buys fewer goods and services. In terms of measuring inflation, CPI is the most obvious way to quantify changes in purchasing power. The report tracks changes in the price of a basket of goods and services that a typical Japanese household might purchase. An increase in the index indicates that it takes more Yen to purchase this same set of basic consumer items.

Markets will typically pay more attention to "CPI excluding Fresh Food," because it excludes volatile food prices that can distort overall CPI. The headline figure for CPI is the percentage change in the index on a month to month or year to year basis.

As the most important indicator of inflation, CPI figures are closely followed by the Bank of Japan. Rising Consumer Prices may prompt the BoJ to raise interest rates in order to manage inflation and slow economic growth. Higher interest rates make holding the Yen more attractive to foreign investors, and this higher level of demand will place upward pressure on the value of the Yen.

0.5%
May, 24 13:30
★★★
Durable Goods Orders
Durable Goods Orders
Country:
Date: May, 24 13:30
Importance: High
Previous: 2.7% m/m; 0.4% m/m
Forecast: -2.0% m/m; 0.2% m/m
Actual: -
Period: Apr

The value of orders placed for relatively long-lasting goods. Durable Goods are expected to last more than three years. Such products often require large investments and usually reflect optimism on the part of the buyer that their expenditure will be worthwhile.

Because orders for goods have large sway over the actual production, this figure serves as an excellent forecast of US output to come. Durable Goods are typically sensitive to economic changes. When consumers become sceptical about economic conditions, sales of durable goods are one of the first to be impacted since consumers can delay purchases of durable items, like cars and televisions, only spending money on necessities in times of economic hardship. Conversely, when consumer confidence is restored, orders for durable goods rebound quickly.

2.7% m/m; 0.4% m/m
May, 26 09:30
★★★
Inflation Report Hearings
Inflation Report Hearings
Country:
Date: May, 26 09:30
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -

The Governor and other members of the Monetary Policy Committee give evidence on a regular basis before the Treasury Committee.

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