One of the five key economic releases highlighted by Waller will be released today

Yesterday, Fed Governor Chris Waller highlighted 5 economic releases that could sway his decision-making around the December 18 FOMC. The first on the list is out today at 10 am ET.

Waller cited five specific indicators that could sway him:

• Job Openings and Labor Turnover Survey (JOLTS): today at 10 am ET
• Non-farm payrolls report: December 6
• Consumer Price Index (CPI): December 11
• Producer Price Index (PPI): December 12
• Retail Sales: December 13

Of those, JOLTS job openings are the lagging indicator but the Fed feels it delivers a clearer picture on the underlying trend. Looking at the chart, you can see why they have committed to lowering rates.

Fed pricing is steady at 70% for a cut today but that will swing somewhat on today’s data and move the dollar with it.

Other events to watch are speeches from Kugler at 12:35 am ET (she’s a dove) and Goolsbee at 1:30 pm ET (more of a dove).

This article was written by Adam Button at www.forexlive.com.