| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 07:00 | United Kingdom | Producer Price Index - Output (MoM) | February | 0.5% | 0.2% | -0.3% |
| 07:00 | United Kingdom | Producer Price Index - Input (MoM) | February | 0.4% | 0% | -0.1% |
| 07:00 | United Kingdom | Producer Price Index - Output (YoY) | February | 13.5% | 12.4% | 12.1% |
| 07:00 | United Kingdom | Producer Price Index - Input (YoY) | February | 14.7% | 12% | 12.7% |
| 07:00 | United Kingdom | Retail Price Index, m/m | February | 0% | 0.6% | 1.2% |
| 07:00 | United Kingdom | HICP ex EFAT, Y/Y | February | 5.8% | | 6.2% |
| 07:00 | United Kingdom | Retail prices, Y/Y | February | 13.4% | 13.3% | 13.8% |
| 07:00 | United Kingdom | HICP, m/m | February | -0.6% | 0.6% | 1.1% |
| 07:00 | United Kingdom | HICP, Y/Y | February | 10.1% | 9.9% | 10.4% |
During today's Asian trading, the US dollar consolidated against major currencies, as market participants are in no hurry to open large positions ahead of the announcement of the results of the Fed meeting.
The US Dollar Currency Index (DXY), which tracks the dynamics of the dollar against six currencies (euro, swiss franc, yen, сanadian dollar, pound sterling and ыwedish krona) fell by 0.05% to 103.20.
As for the Fed meeting, the recent collapse of Silicon Valley Bank and Signature Bank in the US and problems with Credit Suisse in Europe have raised concerns about global financial stability, which has led to a sharp change in investor expectations regarding Fed interest rates. Before the problems in the banking sector were discovered, the markets believed that the most likely outcome of the Fed's March meeting would be a 50 basis point rate hike, but now the probability of such a step is completely excluded. According to the CME FedWatch Tool, the markets now see an 87.8% chance of a 25 basis point rate hike and a 12.2% chance that they will remain at the current level. The U.S. central bank will release its policy statement and new economic projections from Fed officials at 18:00 GMT. Less clear and perhaps more important is how the new policy statement will assess the risks to the economy associated with recent problems in the banking sector, how the Fed characterizes the likely need for further rate hikes, and how high officials think the target interest rate will rise by the end of this year.