Fed, Bangko Sentral policy meetings in the spotlight

Investor expectations with regard to US Federal Reserve and Bangko Sentral ng Pilipinas (BSP) policy meetings will determine the stock market’s direction this week, analysts said.

“The topic points will be on inflation outlook and job creation, given the symphony of aggressive fiscal spending in the global arena. In case Fed officials raise benchmark rates by 25 basis points (bps), focus will revert to the greenback, given their administration’s support for a stronger currency,” online brokerage firm 2TradeAsia.com said in a market note.