Morning Juice – US Session Prep

Morning, Traders!
It is Thursday the 29th of February, here are some things to look out for today.

Sentiment
The dollar was little changed this morning and Treasury bonds slipped as markets gear up for a key inflation metric, the PCE Price Index, the Fed’s preferred inflation gauge.

Docket
08:30 ET
US PCE Price Index for January
YoY – Median Forecast: 2.4% | Prior: 2.6% | Range: 2.5% / 2.2%
MoM – Median Forecast: 0.3% | Prior: 0.2% | Range: 0.4% / 0.2%
Core YoY – Median Forecast: 2.8% | Prior: 2.9% | Range: 2.9% / 2.6%
Core MoM – Median Forecast: 0.4% | Prior: 0.2% | Range: 0.5% / 0.2%

US Consumer Spending
Median Forecast: 0.2% | Prior: 0.7% | Range: 0.5%/-0.2%

Weekly Jobless Claims
Initial Claims – Median Forecast: 210K | Prior: 201k | Range: 220K/195K

Canadian GDP for December
QoQ – Median Forecast: 0.8% | Prior: -1.1% | Range: 1.3%/0.1%

Speakers
10:50 ET
Fed’s Bostic participates in a fireside chat at the 2024 Banking Outlook Conference.
Topics include economic outlook, monetary policy, and the state of the banking industry.
No text is expected, but there will be a Q&A.

11:00 ET
Fed’s Goolsbee joins a virtual event for remarks on “Monetary Policy at an Unusual Time.”
No text is expected, but there will be a Q&A.

13:15 ET
Fed’s Mester speaks at the Columbia University School of International and Public Affairs and Bank Policy Institute’s 2024 Bank Regulation Research Conference.
Text and Q&A are expected.

15:30 ET
Fed’s Mester speaks on Yahoo Finance.

Good luck!