Morning Juice – US Session Prep
Daily Dose, US

Morning Juice – US Session Prep

Morning, Traders!
It is Friday the 1st of March, here are some things to look out for today.

The dollar moved in a tight range this morning as the market waited for potential catalysts in the manufacturing and sentiment data due out today, as well as the series of FOMC members speaking.

US equity futures gave up modest gains after benchmark indices closed at record highs yesterday, after being encouraged by a relief rally fuelled by inflation coming in widely as expected.

09:45 ET
US S&P Manufacturing PMI February Final
Median Forecast: 51.5 | Prior: 51.5 | Range: 51.5 / 50.7

10:00 ET
US ISM PMI for February
Manufacturing – Median Forecast: 49.5 | Prior: 49.1 | Range: 51.5 / 47.8
Prices Paid – Median Forecast: 53.2 | Prior: 52.9 | Range: 57.5 / 52

The University of Michigan February Final
Sentiment – Median Forecast: 79.6 | Prior: 79.6 | Range: 80.5 / 79
1-Year Inflation – Median Forecast: 3% | Prior: 3% | Range: 3.1% / 3%
5-Year Inflation – Median Forecast: 2.9% | Prior: 2.9% | Range: 2.9% / 2.8%

US Construction Spending MoM for January
Median Forecast: 0.2% | Prior: 0.9% | Range: 0.7% / -0.6%

08:30 ET
Fed’s Barkin speaks on CNBC

09:00 ET
BoE’s Pill speaks at Cardiff University Business School.

10:15 ET
Fed’s Waller and Fed’s President Logan each respond to a paper titled “Quantitative Tightening Around the Globe: What Have We Learned?” at the 2024 US Monetary Policy Forum in New York.
Text and Q&A are expected.

12:15 ET
Fed’s Bostic speaks in a moderated conversation on topics including the economic outlook and real estate trends at a conference in Orlando.
No text is expected, but there is a Q&A.

13:30 ET
Fed’s Daly & Fed’s Schmid participates in a panel discussion on “AI & the Labor Market” at the 2024 US Monetary Policy Forum.
The conversation will be moderated by Kansas City Fed President Jeffrey Schmid.
No text is expected, but there is Q&A.

15:30 ET
Fed’s Kugler speaks about pursuing the dual mandate at the 2024 Stanford Institute for Economic Policy Research Economic Summit.
Text and Q&A are expected.

Good luck, and enjoy your weekend!