Keys Data Points That Could Make Waves

Financial markets  obsessed with Bernanke congressional testimony this week. No real comments to encourage hopes of normalisation of monetary policy was made, the official line remains the same ie jobs and inflation data remains the key. Unemployment rates is down to 7.5%, Fed wants to see rate  drop below 6.5% before it raise interest rates. Clearly we need to watch Unemployment data closely. The important dates that could make waves are 30 May Jobless Claim, 7 Jun Non Farm Payroll, 30 April-1 May FOMC, 18-19 Jun FOMC, 30-31 Jul FOMC.

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