Commodities Week Ahead: Oil Caught Between U.S. Data and China Wait

and data,Opening a foreign exchange account due on Friday, will likely keep the Federal Reserve on its toes over inflation and the need for accordingly higher .

of its own February policy meeting are due on Wednesday to provide markets an insight into what its policy-makers were thinking when they authorized a second straight slowing of rate hikes since December. The February hike of 25 basis points compared with December’s 50-basis point increase and November’s 75-basis point jump.

and for January, along with revised data on and the weekly report on . New York Fed president John is also due to speak about inflation at an event on Wednesday.

readings. The latest , issued Thursday, showed that wholesale price rose by the most in seven months in January.

report for January released two days after the Fed on Feb. 1 prompted investors to reevaluate expectations for how high the central bank will ultimately raise rates. According to interest rate futures, the forecast is now for a peak above 5.2% by July.

, or WTI, crude for March was up 31 cents, or 0.4%, to $76.86 per barrel. The US crude benchmark has fallen in three of the past four weeks, losing nearly 7% in that stretch.

crude for March delivery was down 62 cents, or 0.7%, to $83.45. The global crude benchmark, like WTI, has slid in three of the past four weeks, losing more than 5% in that period.

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