Headlines the Economic Calendar on Thursday

Headlines the Economic Calendar on Thursday

Important release of today is U.S Producer Price Index. PPI (YoY) Inflation is expected to slightly ease to 1.9% in June from 2.4% a month ago while PPI (MoM) is expected to decline 0.1%. A worse than expected realization would hurt US Dollar.

We will focus on the Fed Chair Yellen's second day of testimony before Congress. Any new insight on the timing of the next U.S. rate hike and clues on how the central bank plans to pare back its massive balance sheet would be significant information for the market.

The FED Budget Balance to be announced today and the deficit are expected to come out at 35.0B. The Federal Budget Balance measures the difference in value between the federal government's income and expenditure during June. 

13 Jul 17 (Thu)

06:44 am



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