US: Drivers for the week ahead – BBH PMI EconomicIndicator Fed Manufacturing Banks
Analysts at BBH offer a sneak peek at what will be the key market-moving events from the US that will be closely eyed in the week ahead.“The Fed Beige Book for the May 2-3 FOMC meeting will be released Wednesday. Since the March 21-22 meeting, the data suggest that activity is slowing, the labor market is softening, and price pressures are easing. Notably, supply chains continue to improve.
“Housing data are expected to show continued weakness. April NAHB housing market index will be reported Monday and is expected at 45 vs. 44 in March. March building permits and housing starts will be reported Tuesday and are expected at -6.5% m/m and -3.5% m/m, respectively. March existing home sales will be reported Thursday and are expected at -1.8% m/m vs. 14.5% in February.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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