Good Morning Traders! This Wednesday we get German CPI, along with comments from a plethora of ECB speakers.

Here is what to keep in mind.

Sentiment

- Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, stated that he isn't yet sure that a rise in long-term Treasury yields will reduce the need for additional rate increases, adding that it depends on what is behind the most recent increase in borrowing costs.

- The neutral interest rate may currently be higher than it was before to the epidemic, according to Federal Reserve Bank of San Francisco President Mary Daly, however rates won't stay this high long.

- Beginning salaries and pay for temporary workers in the UK increased in September at their slowest rate in two and a half years, adding to indications that the labour market is cooling as the impact of higher interest rates on the economy grows.

- Although transmission lags prevent the full impact of interest-rate hikes to date from being seen, Australia's most vigorous tightening of its monetary policy in about three decades is helping to reduce inflation.

- According to IMF projections, the Bank of England may need to hike interest rates at least once more and hold them there for the majority of next year, dashing expectations that the central bank will start decreasing rates shortly.

Docket

02:00 AM ET
German CPI Final YoY
Median Forecast 4.5% | Prior 4.5% | Range 4.5%/4.5%

German HICP Final YoY
Median Forecast 4.3% | Prior 4.3% | Range 4.3%/4.3%

Speakers

04:15 AM ET
ECB's Knot Speaks

Fed's Bowman Speaks

06:00 AM ET
Riksbank's Bunge Speaks

07:00 AM ET
ECB's de Cos Speaks

 

Good Luck Today Traders!


Ben
Ben