US PPI and Fed minutes: Market movers on Wednesday – Danske Bank
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Analysts at Danske Bank provide a snippet of the key economic events due on the cards this Wednesday, which could have a significant market impact.
“This morning we get euro area industrial production for August. After a big drop in July of 2.3% m/m it is expected to recover somewhat in the August reading.”
“US PPI for September may grab some attention ahead of the important US CPI release tomorrow. Import prices have declined for the past four months, which puts downward pressure on PPI. High wage growth works in the other direction, though. Consensus is for a rise in core PPI of 0.3% m/m down from 0.4% m/m in August.”
“FOMC minutes tonight will give some insights to the thinking behind the Fed raising the dot plot to a peak of around 4.6% (in line with current market pricing).
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