US Treasury Bond Buybacks Fall Short Despite Expanded $6 Billion Cap 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Australia Inflation Accelerates to 4% After RBA Rate Hike 
Gold Plunges 4% as Treasury Yields Surge and Fed Rate Hike Bets Rise 
Gold Holds Near Seven-Week Low as Fed Rate Hike Bets Rise 
US Alcohol Ban Exposes Canada’s Internal Trade Barriers 
Nasdaq Futures Jump as Micron Earnings Boost AI Trade 
Japan Factory Output Unexpectedly Falls 1.7% in August 
Dollar Eases Near Two-Month High as Yen Rebounds 
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Consumer activity in the United States is expected to remain buoyant in the third quarter of this year, with a further forecast of 0.1 percent m/m increase in August personal spending following July’s 0.3 percent rise.
However, the annual increase in the consumer expenditure deflator, the Fed’s preferred measure of inflation, is expected to be only slightly higher at 1.5 percent. The US dollar headed for its best week this year, in part driven by expectations that US tax reforms could provide some support to economic growth.
Over the weekend, a couple of political events bear watching. The Conservative Party Conference begins on Sunday, while in Spain, the Catalonian region will hold an independence referendum, also on Sunday.
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