Wednesday brings the latest Fed statement, and it's definitely worth a closer look. But first, there's the Swiss UBS Consumption Indicator for June, which
Wednesday brings the latest Fed statement, and it’s definitely worth a closer look.
But first, there’s the Swiss UBS Consumption Indicator for June, which is scheduled at 6 AM. The Index rebounded in May from the 11-month low reached the previous month.
The closely watched preliminary estimate of UK Second Quarter GDP comes at half past 8. The first quarter data actually came in weaker than expected, and another disappointing reading would decrease the likelihood of an interest rate hike.
UK Mortgage Approvals for June are out at the same time. The number of approvals slipped to a 9-month low in May.
US New Home Sales for June will be available at 2. Sales returned to growth in May but prices remain high and supply is limited.
And the Fed will release its latest Monetary Policy Statement at 6. Markets are expecting another rate hike this year, although not during this particular meeting.
