Morning Juice – US Session Prep

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

Sentiment
The benchmark S&P 500 Index was poised for its highest first-quarter gains since 2019, buoyed by an AI-led tech market rise and rate-cut expectations. As the market focuses on when and how deep the projected rate cuts will be, Federal Reserve Governor Christopher Waller said there is no urgency to decrease interest rates, emphasising that recent economic data justifies delaying or lowering the number of cuts seen this year.

Docket
08:30 ET
US GDP QoQ Q4 Final
Median Forecast: 3.2% | Prior: 3.2% | Range: 3.5% / 3.1%

US Weekly Jobless Claims
Initial Claims – Median Forecast: 212K | Prior: 210K | Range: 220K / 205K
Continued Claims – Median Forecast: 1.815M | Prior: 1.807M | Range: 1.84M / 1.799M

Canadian GDP MoM for January
Median Forecast: 0.4% | Prior: 0% | Range: 0.5% / 0.2%

10:00 ET
University of Michigan March Final
Sentiment – Median Forecast: 76.5 | Prior: 76.5 | Range: 77.5 / 75
1-Year Inflation – Median Forecast: 3.1% | Prior: 3% | Range: 3.2% / 3%
5-Year Inflation – Median Forecast: 2.9% | Prior: 2.9% | Range: 3% / 2.9%

Speakers
13:30 ET
ECB’s Villeroy speaks at the House of Finance conference in Paris.

Good luck!