New York Fed

Key Events In The Coming Week: Taxes, Inflation, Yellen, Draghi, Kuroda And Brexit

This week’s economic calendar features several key data releases and Fedspeak. The main data release in US include: CPI inflation, retail sales, industrial production, housing data and monthly budget statement.Away from the data the ECB’s Draghi, Fed’s Yellen, BoE’s Carney and BoJ’s Kuroda are all scheduled to participate on a policy panel hosted by the ECB.

Frontrunning: November 7

  • U.S. Allies Fear Trump Will Pull a Nixon in China (WSJ)
  • Partisan Tensions Flare as GOP Revises Tax Bill (BBG)
  • Tax Overhaul Faces Major Hurdles (WSJ)
  • Multinationals Scurry to Defuse House Tax Bill’s ‘Atomic Bomb’ (BBG)
  • Parties Watch New Jersey, Virginia Votes for Wider Signals (WSJ)

It's Official: NY Fed President Bill Dudley To Retire Mid-2018

The New York Fed today confirmed a weekend report that president Bill Dudley intends to retire from his position in mid-2018 to ensure that a successor is in place well before the end of his term. Dudley’s term ends in January of 2019 when he reaches the 10 year policy-limit in the role.

NY Fed President Bill Dudley Retiring

Late on Saturday evening, CNBC's Steve Liesman reported that Fed vice chairman Bill Dudley, a former Goldman managing director and chief economist, not to mention a key figure in "the unprecedented government response to the financial crisis", is expected to announce his retirement as soon as next week. 

Atlanta Fed Now Sees Q4 GDP At Blistering 4.5%

True to form, the Atlanta Fed - which has a habit of overshooting massively at the start of the quarter based on optimistic estimates only to ease sharply lower on its GDP "nowcast" as the "hard" data comes in - has unveiled its latest Q4 GDP forecast, which the regional Fed expects to print at a blistering 4.5%.

Key Events In The Coming Very Busy Week

With a full slate of central bank meetings, data (including payrolls Friday) and earnings next week there’s a little bit for everyone. On Thursday, according to Politico, we will also know who the next Fed Chair is as well as get a first look at a version of the House tax bill in the US, perhaps on Wednesday.

Dollar Surge Continues Ahead Of Jobs Report; Europe Dips As Catalan Fears Return

World stocks eased back from record highs and fell for the first time in eight days, as jitters about Catalonia’s independence push returned while bets on higher U.S. interest rates sent the dollar to its highest since mid August; S&P 500 futures were modestly in the red ahead of hurricane-distorted nonfarm payrolls data