Fed Speaks Its Mind! Interest Rate To Be Raised Tomorrow!? What About Crude Oil Inventories? Economic Calendar by FXMAG.COM

Diesel Supply Concerns Grow as Russia Bans Exports: Impact on Middle Distillate Markets

16/03/22 is the date to remember as finally Fed will release its Interest Rate Decision. According to recent Jerome Powell's rhetoric the raise of rate is almost sure. Tomorrow, EIA releases Crude Oil Inventories as well - a lot to watch on Wednesday!

Data: courtesy of Investing.com

USA

The day begins quiet lately at 12:30 p.m. as Core Retail Sales (MoM) is relased. This one previosuly amounted to 3.3%. At the same time appropriate department publishes Retail Sales (MoM) (prev. 3.8%).

2:30 p.m. - the first Big One actually - Crude Oil Inventories release. Previously this indicator amounted to -1.863M and we can predict the next value will hit higher levels.

At 6 p.m. FOMC Economic Projections, FOMC Statement and, most importantly, new interest rate go public and many suppose the current interest rate (which is 0.25%) will be raised.

After all the releases, at 6:30 p.m. FOMC speak to media.

Canada

There's "only" one major release on 15/03/22 in Canada - the Core CPI which previously hit 0.8%.

New Zealand

At the evening (9:45 p.m.) New Zealand's GDP (QoQ) is published - the indicator equaled to -3.7% previously.

Economic Calendar - 16/03/22 - Courtesy Of Investing.com

 

Source: Investing.com Economic Calendar

Time: GMT

Diesel Supply Concerns Grow as Russia Bans Exports: Impact on Middle Distillate Markets

Mikołaj Marcinowski

Business Development Manager FXMAG

Journalist, finance passionate