Free Trial

What to Watch: Fed Chair Semi-Annual Policy Testimony; NFP

US TSYS
Monday's factory orders data a precursor to Fed Chairman Powell's two day, semi-annual testimony to Congress Tue-Wed, US Pres Biden 2024 budget proposal out Thu, Employment read for Feb this Friday. Data at 1000ET:
  • Factory Orders (1.8%, -1.8%); Ex Trans (-1.2%, 1.0%)
  • Durable Goods Orders (-4.5%, -4.5%); Ex Trans (0.7%, 0.7%)
  • Cap Goods Orders Nondef Ex Air (0.8%, --); Ship Nondef Ex Air (1.1%, --)
  • US Tsys auctions: $57B 13W, $48B 26W bill auctions at 1130ET
  • Salient events later in the week:
    • Fed Chair Powell semi-annual mon-pol report to Congress, Tue 1000ET
    • Fed Chair Powell report to Congress: House Fncl Srvcs, Wed 1000ET
    • ADP employment data for Feb (106k prior, 200k est), Wed 0815ET
    • NFP employment data for Feb (517k prior, 200k est), Fri 0830ET
    • Central banks: RBA on Tuesday, NOC Wednesday.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.