Last week was all about Fed Chairman Bernanke’s speech and latest views on QE tapering. His semi-annual testimony on Wednesday will likely repeat the same general message. Focus also turns back to the US economy with a deluge of top-tier data scheduled for release. Up for release in the week ahead will be Empire manufacturing survey, advance retail sales – both today – and then CPI, TIC flows, industrial production, Beige Book and Philadelphia Fed survey.
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Commonwealth Bank