GBPUSD: The market waits for data on stability
In addition to the financial report, September U.S. retail sales figures released Tuesday will help investors better understand the power of consumer spending, which drives about two-thirds of the economy.
Economists had expected retail sales to rise 0.2% last month. The better-than-expected data could raise concerns about a rebound in inflation and strengthen the view that the Federal Reserve will need to keep interest rates high for an extended period of time.
Market watchers are keeping an eye on comments from Federal Reserve Chairman Jerome Powell, who will speak at the New York Economic Club on Thursday.
Several regional Fed presidents will also appear throughout the week, including Patrick Harker, Thomas Barkin, Neal Kashkari, Loretta Mester and Rory Logan. Federal Reserve Board members Lisa Cook and Christopher Waller will also speak.
Economists had expected retail sales to rise 0.2% last month. The better-than-expected data could raise concerns about a rebound in inflation and strengthen the view that the Federal Reserve will need to keep interest rates high for an extended period of time.
Market watchers are keeping an eye on comments from Federal Reserve Chairman Jerome Powell, who will speak at the New York Economic Club on Thursday.
Several regional Fed presidents will also appear throughout the week, including Patrick Harker, Thomas Barkin, Neal Kashkari, Loretta Mester and Rory Logan. Federal Reserve Board members Lisa Cook and Christopher Waller will also speak.
