Release Time:2019-02-18 09:20
Despite a holiday-shortened week in the U.S. the economic calendar for this week is busy, with U.S.-China trade
talks continuing in Washington and Federal Reserve minutes and U.S. economic reports on tap.
Both the U.S. and China reported progress in trade negotiations last week, but President Donald Trump said
Friday that the talks were “very complicated" and that he might extend the March 1 deadline and keep tariffs on
Chinese goods from rising.
U.S. duties on $200 billion worth of Chinese imports are set to rise from 10% to 25% if no deal is reached by the
The Fed on Wednesday is due to publish the minutes of its January meeting where its kept rates on hold and
surprised markets by shifting to a more dovish stance on future rate hikes, citing subdued inflation and rising risks
to global economic growth.
This week will also see speeches from a number of Fed officials, including New York Fed President John Williams
and St. Louis Fed head James Bullard.
Market watchers will be looking ahead to Thursday’s durable goods report for an update on the health of the
manufacturing sector, while a report on existing home sales the same day will give fresh insight into the housing
sector, which lost momentum late last year amid higher interest rates and property prices.
The U.S. dollar slid lower on Friday after San Francisco Fed President Mary Daly suggested the central bank may
hold off on raising interest rates in 2019.
The dollar index, which measures the currency against a basket of six rivals, was at 96.74 late Friday, after a
week that included several weak data reports, including dismal U.S. retail sales.