US: Important releases next week – Danske

By FXStreet Analysts from Danske Bank look into next week economics reports, to be released next week in the US.

Key Quotes:

“Wednesday, we get data on retail sales in March, which we expect to show control group sales increased by 0.3% m/m. In line with other data, retail sales have been weak in recent months but we expect a rebound as consumers are still optimistic and employment continues to rise. Our base case is that private consumption growth will accelerate in Q2 and Q3 after the slowdown in Q1.”

“We are due to get more information about how optimistic consumers are in the preliminary University of Michigan survey for April due on Friday. We expect a marginal increase from 91 to 92, which is a relatively high level.”

“We also intend to keep an eye on the inflation expectations figures. On Thursday, we are due to get CPI inflation figures for March. We estimate the CPI core index rose 0.2% m/m, implying an inflation rate of 2.3% y/y, the highest level since mid-2012. Although core inflation has picked up in recent months, Janet Yellen has said she wants to be sure it ‘proves durable’. While the development in the labour market is key …read more

Source:: FX Street