Economic Calendar

Wednesday brings the latest Fed statement, and it's definitely worth a closer look. This is the Economic Calendar. But first, there's the German August Producer Price Index, which is out at 6 AM. Producer prices returned to growth in July, and increases were recorded across the board. UK Retail Sales for August follow at half past 8. Sales continued growing in July, lifted by strong gains in... Еще food retail. Coming up next at 2 are the US Existing Home Sales for August, and the July report surprised on the downside as sales posted the second consecutive monthly decline and fell to their lowest level in almost a year. The highlight of the day, if not the week, is the Fed monetary policy statement, which is scheduled at 6, and a very closely watched press conference follows half an hour later. The markets are not expecting a rate hike, but they are expecting a reduction in the Fed's bond portfolio. Moreover, the Fed will also unveil its latest economic projections, so there's plenty of potential for rate movements. New Zealand second quarter GDP data will be available at quarter to 11 in the evening, and it is a high importance release for all the Kiwi Dollar traders. The first quarter data came in somewhat weaker than excpected in light of a slowdown in the construction sector, but most subsectors actually posted growth. Another New Zealand release, and this time it's August Credit Card Spending, follows at 3. Spending continued growing in July, although at a slower pace than the 8.3% gain a month ago. Japanese All Industry Index for July comes at 4:30. The Index rebounded in June, partially reversing a point 8% drop the previous month. And all the Aussie Dollar traders may want to pay attention to RBA Governor Philip Lowe, who will be speaking at ten past 5 in the morning. He will be appearing at the American Chamber of Commerce in Australia with a speech promisingly titled «The Next Chapter». You've been watching the Economic Calendar for Wednesday, the 20th of September, with me, Jessica Walker. Check back in for the next overview of news releases for Thursday. Goodbye.

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