CPI

2 Charts That Might Define The Fed's Jerome Powell Era

"We expect financial imbalances to become their biggest worry, bigger than the risk of recession, which should matter less and less to the central bankers’ reputations as the business cycle expansion continues to lengthen..."

What To Expect From The ECB

The European Central Bank (ECB) will issue its latest monetary policy decision on Thursday, unanimous expectations look for the Bank to stand pat and leave its three major interest rates unchanged (deposit facility rate -0.40%, main refinancing rate 0.00% marginal lending rate 0.25%).

BoE Preview: "Should Be A Non-Event"

As DB's Jim Reid writes, the BoE meeting due in minutes, should be a non event as recent inflation prints and macro data were broadly in line with consensus. Notably, any discussion on what the Brexit breakthrough on Friday might mean for policy could be the most interesting feature.

FOMC Hikes Rates As Expected: Expects 3 Hikes, Faster Growth As Two Dissent

With a 98.3% probability heading in, there was really no doubt the most-telegraphed rate-hike ever would occur, but all eyes are on the dots (rate trajectory shows 3 hikes in 2018), inflation outlook (unchanged), and growth outlook (faster growth in 2018), and lowered unemployment outlook to below 4%. The Fed also plans to increase its balance sheet run off to $20 billion in January.

Full Preview Of Janet Yellen's Last Ever Rate Hike

In previewing today's FOMC decision, which will also be Janet Yellen's last rate hike decision and press conference before she is replaced by Jay Powell, there is a TL/DR version, which is summarized by the chart below and which shows that according to the market, the probability of a rate hike today is 100%.

Stocks Rebound From "Bama Shock", All Eyes On Yellen's Last Rate Hike

After an early slide last night following the news that Doug Jones had defeated Republican Roy Moore in the Alabama special election, reducing the GOP's Senate majority to the absolute minimum 51-49, US equity futures have quickly rebounded and are once again in the green with the S&P index set for another record high,