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2 Feb 2016
Eurozone unemployment and Fed’s George in focus today – Danske Bank
FXStreet (Delhi) – Research Team at Danske Bank, suggest that Euro area unemployment figures for December will be released today.
Key Quotes
“We expect the decreasing trend to continue, which will be supportive for the economy. Note that the unemployment rate is now close to its structural level (NAIRU), which is the level where wage pressure usually starts to pick up.
In the evening, the Fed's vice chair George (voter, neutral) speaks. After the FOMC meeting this week, we will look carefully for any comments on when to expect the next hike as the statement was relatively dovish without mentioning anything explicitly.”
Key Quotes
“We expect the decreasing trend to continue, which will be supportive for the economy. Note that the unemployment rate is now close to its structural level (NAIRU), which is the level where wage pressure usually starts to pick up.
In the evening, the Fed's vice chair George (voter, neutral) speaks. After the FOMC meeting this week, we will look carefully for any comments on when to expect the next hike as the statement was relatively dovish without mentioning anything explicitly.”