Date
GMT+09:00
Event Value
Apr, 13 21:30
★★★
Consumer Price Index
Consumer Price Index
Country:
Date: Apr, 13 21:30
Importance: High
Previous: 0.4% m/m; 1.7% y/y
Forecast: 0.5% m/m; 2.4% y/y
Actual: -
Period: Mar

CPI assesses changes in the cost of living by measuring changes consumer pay for a set of items. CPI serves as the headline figure for inflation. Simply put, inflation reflects a decline in the purchasing power of the dollar, where each dollar buys fewer goods and services. In terms of measuring inflation, CPI is the most obvious way to quantify changes in purchasing power. The report tracks changes in the price of a basket of goods and services that a typical American household might purchase. An increase in the Consumer Price Index indicates that it takes more dollars to purchase the same set basket of basic consumer items.

Inflation is generally bad news for the economy, causing instability, uncertainty and hardship. To address inflation, the Fed may raise interest rates. However, the Fed relies on the PCE Deflator as its primary gauge of inflation because the CPI does not account for the ability of consumer to substitute out of CPI's set. Price changes tend to cause consumers to switch from buying one good to a less expensive-other, a tendency that the fixed-basket CPI figure does not yet account for. Given that the PCE Deflator is a more comprehensive calculation, based on changes in consumption; it is the figure the Fed prefers.

The figure is released monthly, as either a month over month annualized percentage change, or percentage change for the full year. The figure is seasonally adjusted to account seasonal consumption patterns.

On A Technical Note: The CPI includes over 200 categories of goods and services included, divided into 8 main groups, each with a different weight: Housing, Transportation, Food, Medical Care, Education and Communication, Recreation, Apparel, and Other Goods and Services.

0.4% m/m; 1.7% y/y
Apr, 13 21:30
★★★
Consumer Price Index Core
Consumer Price Index Core
Country:
Date: Apr, 13 21:30
Importance: High
Previous: 0.1% m/m; 1.3% y/y
Forecast: 0.2% m/m; 1.5% y/y
Actual: -
Period: Mar

CPI Excluding Food and Energy - United States

The CPI is also reported excluding food and energy; two of its most volatile components. These components are particularly sensitive to temporary economic factors like oil prices, natural disasters and seasonal affects. Consequently, CPI excluding Food and Energy provides a more stable figure, but at the cost of overlooking two significant sectors in the economy (together food and energy comprise nearly a quarter of the goods included in the CPI).

The figure is the monthly percent change in the index.

0.1% m/m; 1.3% y/y
Apr, 14 11:00
★★★
Official Cash Rate
Official Cash Rate
Country:
Date: Apr, 14 11:00
Importance: High
Previous: 0.25%
Forecast: 0.25%
Actual: -
Period: Apr
The Official Cash Rate (OCR) is the interest rate set by the Reserve Bank to meet the inflation target specified in the Policy Targets Agreement (PTA). The current PTA, signed in September 2012, defines price stability as annual increases in the Consumers Price Index (CPI) of between 1 and 3 per cent on average over the medium term, with a focus on keeping future average inflation near the 2 percent target midpoint.
0.25%
Apr, 14 11:00
★★★
RBNZ Rate Statement
RBNZ Rate Statement
Country:
Date: Apr, 14 11:00
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -

The Reserve Bank of New Zealand (RBNZ) releases this statement in connection to its recent decision on short-term interest rates. Interest rates are a primary determinant of a currency's value and these statements are used by traders to determine future monetary policy decisions.

Apr, 15 01:00
★★★
Federal Reserve Chairman Jerome Powell Speaks
Federal Reserve Chairman Jerome Powell Speaks
Country:
Date: Apr, 15 01:00
Importance: High
Previous: -
Forecast: -
Actual: -
Period: -
Federal Reserve Chair Jerome Powell. Fed Chair Feb 2018 - Feb 2022. Fed Governor May 2012 - Jan 2028. The testimony usually comes in 2 parts: first he reads a prepared statement (a text version is made available on the Fed's website at the start), then the committee will hold a question and answer session. Since the questions are not known beforehand they can make for some unscripted moments that lead to heavy market volatility. As head of the central bank, which controls short term interest rates, he has more influence over the nation's currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy.
Apr, 15 10:30
★★★
Unemployment Rate
Unemployment Rate
Country:
Date: Apr, 15 10:30
Importance: High
Previous: 5.8%
Forecast: 5.7%
Actual: -
Period: Mar

The percentage of individuals in the labor force who are without a job but actively seeking one. A higher Unemployment Rate is generally a drain on the economy. Not only does it mean that resources are not being fully utilized, but it also results in lower consumer spending as there are fewer workers receiving paychecks.

Note: The unemployment rate generally moves slowly, so changes of only a few tenths of a percent are still considered significant. Also note that the unemployment rate does not account for discouraged workers. Therefore, in an economically depressed environment, such as that which occurred in Cold War era East Germany, the Unemployment Rate may not accurately reflect the extent of problems.

5.8%
Apr, 15 10:30
★★★
Employment Change
Employment Change
Country:
Date: Apr, 15 10:30
Importance: High
Previous: 88.7K
Forecast: 35.2K
Actual: -
Period: Mar

Tracks the number of the employed in Australia . The figure appears in the monthly Labour Force Survey conducted by the Australian Bureau of Statistics. A surge in new employment suggests higher spending potential and budding inflation pressures, which the RBA often counters with rate increases.

The headline figure is the annualized percentage change in employed workers.

88.7K
Apr, 15 21:30
★★★
Retail Sales
Retail Sales
Country:
Date: Apr, 15 21:30
Importance: High
Previous: -3.0% m/m; -2.7% m/m
Forecast: 5.1% m/m; 4.8% m/m
Actual: -
Period: Mar

An aggregated measure of the sales of retail goods over a stated time period, typically based on a data sampling that is extrapolated to model an entire country. In the U.S., the retail sales report is a monthly economic indicator compiled and released by the Census Bureau and the Department of Commerce. The report covers the previous month, and is released about two weeks after the month-end. Comparisons are made against historical data; year-over-year comparisons are the most-reported metric because they account for the seasonality of consumer-based retail.

-3.0% m/m; -2.7% m/m
Apr, 16 11:00
★★★
Real GDP
Real GDP
Country:
Date: Apr, 16 11:00
Importance: High
Previous: 2.6% q/q; 6.5% y/y
Forecast: ; 18.3% y/y
Actual: -
Period: 1 quarter

An inflation-adjusted measure that reflects the value of all goods and services produced in a given year, expressed in base-year prices. Often referred to as "constant-price," "inflation-corrected" GDP or "constant dollar GDP".

2.6% q/q; 6.5% y/y
Apr, 16 11:00
★★★
Real GDP (YTD)
Real GDP (YTD)
Country:
Date: Apr, 16 11:00
Importance: High
Previous: 2.3%
Forecast: -
Actual: -
Period: 1 quarter

An inflation-adjusted measure that reflects the value of all goods and services produced in a given year, expressed in base-year prices. Often referred to as "constant-price," "inflation-corrected" GDP or "constant dollar GDP".

2.3%
Powered by InstaForex