Top 5 Economic Events to Watch This Week

Ahead of the coming week, we have compiled a list of the five biggest events on the economic calendar that are most likely to affect the markets.

1. Federal Reserve Policy Meeting

The Federal Reserves highly anticipated monetary policy meeting will be the big deal for global financial markets in the week ahead. The Federal Reserve is expected to leave its benchmark interest rate unchanged at the conclusion of its two-day policy meeting at 2:00PM ET (18:00 GMT) on Wednesday, keeping it in a range between 0.0%-0.25%.

2. U.S. Retail Sales

The Commerce Department will release data on retail sales for February on Tuesday at 8:30AM ET (12:30 GMT). U.S. retail sales data will be in focus for further indications on the strength of the reopening rebound.

3. FedEx, Nike Earnings

The fourth-quarter earnings season has all but wound down, however results are expected from a number of big names in the week ahead, with most of the focus falling on FedEx, and Nike, which both report Thursday after the close.

4. Bank of England Policy Announcement

Across the pond, Governor Andrew Bailey and his fellow interest rate-setters are expected to keep borrowing costs on hold at 0.10% when the Bank of England makes its policy announcement at 8:00AM ET (12:00 GMT) on Thursday.

5. Bank of Japan Policy Meeting

The Bank of Japan, which pioneered yield curve control, is widely expected to keep monetary policy unchanged at its two-day rate review ending on Friday.

The above information is provided by WikiFX, a free encyclopedia in the forex industry for all the global traders and investors.

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