The State Bank of India has released a report titled ‘Deciphering Emerging Trends in ITR Filing: The Ascent of the New Middle Class in Circular Migration,
US GDP and PCE data are the key release, but traders will also be looking to the employment costs data. Elsewhere, BoJ, Riksbank, Aussie CPI are the highlights
The highlight is US PCE data, which will inform expectations for the Fed's February meeting, where a 25bps rate hike is expected. It is worth keeping in mind that the data will be released during the Fed's pre-meeting blackout window leaving the potential for "sources" articles to hit.