Morning Juice – US Session Prep

Morning, Traders!
It is Wednesday the 28th of February, here are some things to look out for today.

Sentiment
The dollar gained and US equity futures fell this morning ahead of data that markets expect will confirm the robustness of the US economy, supporting the idea of higher for longer US rates.

The New Zealand Dollar underperformed G10 peers after the nations reserve bank signalled reducing price pressures and a smaller chance of rate hikes this year.

Docket
08:30 ET
US GDP QoQ Q4 Second Estimate
Median Forecast: 3.3% | Prior: 3.3% | Range: 3.6% / 3%

Core PCE Price Index QoQ – Median Forecast: 2% | Prior: 2% | Range: 2.1% / 2%
A different measure of PCE from the main release tomorrow

10:30 ET
Weekly US EIA Crude Oil Inventories
Median Forecast: 3.717M | Prior: 3.514M | Range: 5.5M / -2M

Speakers
09:00 ET
ECB Supervisory Board member McCaul speaks at the industry outreach conference on counterparty credit risk management (CCR) organized by the Federal Reserve Bank of New York.

12:00 ET
Fed’s Bostic answers questions on the economic outlook and monetary policy at a fireside chat event in Roswell, GA.
No text is expected. No live stream is available.
Event Details

12:15 ET
Fed’s Collins gives remarks, participates in a fireside chat, and takes audience questions in an event held by the Center for Business, Government & Society at the Tuck School of Business at Dartmouth College. Text and Q&A are expected. Registration for the event seems to be for host school students only.
Event Details

12:45 ET
Fed’s Williams delivers keynote remarks at the Long Island Association Regional Economic Briefing.
Text and Q&A are both expected.
Event Details

Good luck!