It is Tuesday the 28th of February. At the start of the day, we get big data for Canada, with the likes of GDP data for December. Later on in the morning, we see the release of the US CB consumer confidence index, but here are some other things to look out for today.
This morning, the dollar index was little changed, while treasury yields rose across the curve.
The Euro recovered a loss, and regional bond yields rose, as investors raised expectations for more interest-rate hikes from the European Central Bank following data that suggested inflation in some of the region's largest economies is out of control.
Losses in European stocks and US equity futures were erased.
In 2011, during the worst political showdown over the US debt limit to date, a little-known former Treasury official helped persuade lawmakers that raising the ceiling was the only option. He's back at it now, but from a much higher vantage point: chairman of the Federal Reserve Board
The departure of Fed Vice Chair Lael Brainard removes a leading dove from the FOMC. The top two candidates for her replacement, according to the Biden administration, are economics professors Karen Dynan of Harvard University and Janice Eberly of Northwestern University. Dynan would add to the committee's hawkish voices, whereas Eberly would maintain the current hawk-dove balance.
8:30 AM ET
Canadian GDP Annualized data for Q4
Median Forecast 1.6% | Prior 2.9% | Range 2.8%/0.1%
Candian GDP MoM data for December
Median Forecast 0% | Prior 0.1% | Range 0.4%/-0.1%
9:45 AM ET
US Chicago PMI for February
Median Forecast 45.5 | Prior 44.3 | Range 48.1/43.3
Measures business activity in the mid-west region, manufacturing, and non-manufacturing firms are surveyed. 200 managers are asked.
10:00 AM ET
US CB Consumer Confidence data for February
Median Forecast 108.5 | Prior 107.1 | Range 112.4/105.4
2:30 PM ET
Fed's Goolsbee gives a speech at the Ivy Tech community college in Goshen, In.
Text: Yes. Q&A: No
Good Luck today!