The Fed Or The Interest Rate Increase No Longer "Patience"

Next week's main event is of course the Fed.

The market expects the US Federal Reserve to maintain interest rates unchanged, but will consider removing the phrase "patience" in the forward-looking guidance on interest rates.

This is seen as a step closer to the Fed's interest rate hike.

1. the Fed may no longer be patient.

The Fed will hold a two day FOMC meeting on Tuesday and Wednesday.

The market expects the US Federal Reserve to maintain interest rates unchanged, but will consider removing the phrase "patience" in the forward-looking guidance on interest rates.

The deletion of the word "patience" is seen as a step closer to raising the Fed's interest rate by two.

Federal Reserve Chairman Yellen will give a press conference on the policy statement and the Fed's amendment to the adjustment of economic, unemployment, inflation and interest rate expectations.

Along with the Fed's policy statement, there is also a summary of its economic expectations.

The economic forecast summarizes the views of the Federal Open Market Committee members and the US Federal Reserve Chairman on the economy.

The Fed has lowered its forecast for unemployment and inflation in recent economic forecasts.

Last December's statement, the Fed's consensus view is that the unemployment rate in the United States will fall to 5.2% to 5.3% before the fourth quarter of this year.

The inflation rate measured by the personal consumption expenditure price index (PCE) is between 1% and 1.6%.

In February, the US unemployment rate was 5.5%, and in January the US PCE price index increased by only 0.2% over the same period last year.

The Fed's failure to lower its growth forecasts again will not surprise the market.

The Bank of England will publish minutes of its March meeting.

Minutes are likely to show that the 9 MPC members of the Bank of England have agreed to maintain the benchmark interest rate unchanged at 0.5%.

Markit, a data compiling body, said that although the current performance of the UK economy may be the best since the financial crisis, there are many reasons to support the Bank of England for the rest of this year to maintain interest rates at a low point, including the uncertainty of the British general election, low inflation and weak wage growth.

On Tuesday, the European Union statistics bureau will announce the final value of euro zone CPI in February.

The initial value indicates that CPI in the euro area fell 0.3% in February, which is better than the 0.6% decline in January.

In fact, PMI in the euro area also shows that consumer spending appears to be increasing.

5. new housing starts and industrial output data in the United States

On Monday, the Federal Reserve will report industrial output in February.

Industrial growth has slowed down recently, but it is still in a healthy upward trend, which is reflected in the data of capacity utilization.

On Tuesday, the US Department of Commerce will announce the number of new housing starts and construction permits in February.

This data is used to track the confidence of the real estate business in the economy.