(menafn – ecpulse)
This week will provide further optimism regarding the current superpower economic health and within the coming period and year as overall activities and sectors are showing clear signs of enhancement so far as shown throughout data released along with reports and financial results reported by the country's huge and known corporations, having in mind that the present revival is on a successful gradual path.
In fact this week on one hand will supply us mainly with inflation data to show us once again as attested and forecasted by the Federal Reserve and FOMC members that prices pressures remain well subdued across the country on a short and long term regardless of the recent surge in prices caused by higher gasoline and fuel prices which is confirmed to only be temporary.
Not forgetting that two weeks ago we saw that the core PCE of this past month came in as forecasted at 0.1 percent from 0.2 percent and came in also as forecasted and unchanged at 1.9 percent for the year ending February while the PCE deflator of past month rose faintly to 0.3 percent from 0.2 percent; all in all confirming once again that prices pressures remain well subdued as already attested and projected by the Federal Reserve.
Plus this week the Core PPI for March could have actually stayed unchanged at 0.2 percent while that the CPI for the same month could have only faintly plunged to 0.3 percent from 0.4 percent and the Core CPI for instance for March could have actually slightly rose to 0.2 percent from a prior reading of 0.1 percent and may have stayed unchanged for the year ending March, all in all confirming stable inflation levels as seen this past month and also past year.
Now on the other hand the country's trade deficit will be released this week to most probably show a lower narrowed deficit since mainly that the global economy is still suffering from the recession and as a result of the recent economic slowdown in China and the European Union all in all affecting of course on the trading conditions mainly between the world's leading economy and its major trading partners such as Canada, the EU and China.
Accordingly the trade balance of the superpower could have narrowed only faintly to show a deficit of around 52.0 billion from a prior deficit of 52.6 billion, which reflects of course an unending strong unbalance between exports and imports and the present economical conjuncture of the global economy with also the import prices index for March, which tracks the changes in the prices paid for goods imported to the United States forecasted to show an incline in March of 1.1 percent from 0.4 percent.
Not forgetting as well that this week a known survey known for the public as the Fed's Beige Book will be released this week to give us a detailed hint on the current economic conditions of the superpower and most probably back up the recent enhancement of the labor market and steady of overall business activities that keep on supporting the growth of the country with therefore a forecasted higher confidence report to also be shown in the end of the week.