US initial jobless claims
The US dollar benefited from from strong CPI and retail sales numbers this week as the evidence mounts that the US isn't in a recession and might be accelerating.
The data points will continue tomorrow with a flood coming at 8:30 am ET in:
- Initial jobless claims
- Housing starts
- Philly Fed
- PPI
That will wrap it up for the economic data but 15 minutes later at 8:45 am we will hear from the Fed's Mester and at 1:30 pm ET, the Fed's Bullard is set to speak. Both are hawks and they could push for higher terminal rates, though I suspect that wouldn't come as a surprise to the market. Finally, the Fed's Cook speaks at 4 pm ET.
