This week, markets will be closely watching key economic events, including the Bank of England (BoE) and Bank of Japan (BoJ) interest rate decisions. However, the main focus will be on the Federal Open Market Committee (FOMC) policy announcement, which could set the tone for global financial markets. Traders should stay alert for volatility as these high-impact events unfold.

Monday, March 17

• Retail Sales Data (February): The U.S. Census Bureau will release the advance monthly sales for retail and food services. This report provides insights into consumer spending trends, a critical component of GDP growth. 

Tuesday, March 18

• Housing Starts and Building Permits (February): Data on new residential construction projects initiated and permits issued will be released, offering a glimpse into the housing market’s health.

• Industrial Production and Capacity Utilization (February): These metrics indicate the output of factories, mines, and utilities, as well as the extent to which industrial capacity is being utilized.

Wednesday, March 19

• Federal Open Market Committee (FOMC) Meeting: The Federal Reserve will announce its interest rate decision. While rates are expected to remain unchanged at 4.25% to 4.50%, attention will be on the Fed’s quarterly economic projections and Chair Jerome Powell’s press conference for insights into future monetary policy, especially in light of recent trade tensions. 

Thursday, March 20

• Jobless Claims: The Department of Labor will report the number of individuals filing for unemployment benefits for the first time during the past week, shedding light on the labor market’s strength.

• Producer Price Index (PPI) – Final Demand (February): This index measures the average change over time in selling prices received by domestic producers, providing insights into inflation from the producers’ perspective.

Friday, March 21

• National Core Consumer Price Index (CPI) (February): Japan will release its core CPI data, reflecting changes in the price of goods and services, excluding fresh food. This is a key indicator of inflation and may influence the Bank of Japan’s monetary policy decisions. 

• Retail Sales (January): Canada will report its retail sales figures, offering insights into consumer spending and economic health.https://www.facebook.com/share/r/1BgQchYQ1A/?mibextid=wwXIfr