| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 06:30 | France | Consumer spending | December | 0.9% | 0.2% | 0.2% |
| 06:30 | France | GDP, q/q | Quarter IV | 3.1% | 0.5% | 0.7% |
| 08:00 | Switzerland | KOF Leading Indicator | January | 107.2 | 106.3 | 107.8 |
| 09:00 | Eurozone | Private Loans, Y/Y | December | 4.2% | | 4.1% |
| 09:00 | Eurozone | M3 money supply, adjusted y/y | December | 7.4% | 6.8% | 6.9% |
| 09:00 | Germany | GDP (QoQ) | Quarter IV | 1.7% | -0.3% | -0.7% |
| 09:00 | Germany | GDP (YoY) | Quarter IV | 2.5% | 1.8% | 1.4% |
| 10:00 | Eurozone | Industrial confidence | January | 14.6 | 15 | 13.9 |
| 10:00 | Eurozone | Consumer Confidence | January | -8.4 | -8.5 | -8.5 |
| 10:00 | Eurozone | Economic sentiment index | January | 113.8 | 114.5 | 112.7 |
USD continued to strengthen against most other major currencies in the European session on Friday, as the hawkish Fed’s statement raised expectations for the U.S. central bank to hike rates before other foreign regulators, boosting demand for the U.S. currency.
The U.S. Dollar Index (DXY), measuring the U.S. currency's value relative to a basket of foreign currencies, rose 0.14% to 97.39.
Wednesday’s policy statement of the Federal Reserve and the comments of its chair Jerome Powell confirmed that the Fed is going to be more aggressive in tightening policy amid elevated inflation and strengthening economic conditions. The Fed reiterated plans to end asset purchases in early March and signaled a hike in interest rates at its next policy meeting in mid-March. In addition, the Fed’s chairman Jerome Powell said that he doesn't rule out raising rates at every meeting.
Following the statements, the fed funds futures market began to price in the possibility of five rate increases in 2022.