| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 00:30 | Australia | National Australia Bank's Business Confidence | December | 12 | | -12 |
| 00:30 | Australia | Trimmed Mean CPI y/y | Quarter IV | 2.1% | 2.4% | 2.6% |
| 00:30 | Australia | CPI, y/y | Quarter IV | 3% | 3.2% | 3.5% |
| 00:30 | Australia | Trimmed Mean CPI q/q | Quarter IV | 0.7% | 0.7% | 1% |
| 00:30 | Australia | CPI, q/q | Quarter IV | 0.8% | 1% | 1.3% |
| 07:00 | United Kingdom | PSNB, bln | December | -14.7 | -18.5 | -16.8 |
During today's Asian trading, the US dollar rose slightly against major currencies, and continued yesterday's increase.
The ICE index, which tracks the dynamics of the dollar against six currencies (euro, swiss franc, yen, canadian dollar, pound sterling and swedish krona) rose by 0.08%.
This week, the market will focus on the meeting of the Federal Open Market Committee of the US Federal Reserve, which will begin on Tuesday and end on Wednesday.
Market participants do not expect the Fed to take any action at its January meeting, but hope to receive signals that a rate hike will take place at the March meeting. Economists note that raising rates could prevent a sharp jump in inflation. According to CME, traders estimate the probability of a rate hike in March at 86%, and the probability of four rate hikes in 2022 is about 85%.
Goldman Sachs economists said that a further rise in US inflation could force the Fed to become even more hawkish in tightening policy than economists expect. "The spread of the Omicron strain carries risks for inflation, which has already reached its highest level in almost 40 years. This may lead to the fact that the Fed will raise the rate more actively," Goldman Sachs said.
"According to our baseline scenario, the Fed will raise rates four times this year. But there is a risk that the Fed will gradually tighten policy at each meeting until it sees an improvement in the inflation situation," Goldman Sachs added.