On this day, amidst the London and New York markets being effectively closed for Good Friday, the U.S. Personal Consumption Expenditures (PCE) deflator for February will be announced at 9:30 PM Japan time. The general expectation is for a year-on-year increase of 2.5%, which would mark an acceleration from the previous month's 2.4% rise. The U.S. Consumer Price Index for February was announced on the 12th and came in above expectations. If the February U.S. PCE deflator also exceeds expectations, it could further push back the speculation of an early rate cut by the Federal Reserve (FRB), potentially leading to a stronger dollar.
Additionally, February's U.S. personal income and the U.S. PCE for February will also be released. The general expectation for February's U.S. personal income is an increase of 0.4% month-on-month, anticipated to be the 25th consecutive month of growth. February's U.S. PCE is expected to increase by 0.5% month-on-month, marking 11 consecutive months of growth.
Attention is on the movement of the U.S. dollar following the release of the U.S. core PCE deflator. With trading volume lower due to the holiday, a result significantly different from expectations could lead to substantial price movements.
