Morning, Traders!
It is Thursday the 28th of September, here are some things to look out for today.
Sentiment
European bonds fell, sending yields to new highs this morning as rising oil prices fuelled expectations that interest rates will remain high for a longer period of time.
Meanwhile, Spanish inflation increased for the second month in a row, with German data due later Thursday.
The dollar fell against all Group-of-10 counterparts, snapping a six-day winning streak.
The chance of an impending US government shutdown, which threatens to delay the release of key economic data, will put policymakers' and investors' faith in a variety of lesser-known third-party indicators to the test.
Docket
8:30 AM ET
US GDP QoQ Q2 Final
Median Forecast: 2.2% | Prior: 2.1% | Range: 2.5% / 2%
US GDP Price Index
Median Forecast: 2% | Prior: 2% | Range: 2.2% / 2$
US Core PCE Prices Q2 Final
Median Forecast: 3.7% | Prior: 3.7% | Range: 3.8% / 3.7%
US Weekly Initial Jobless Claims
Median Forecast: 215K | Prior: 201K | Range: 240K / 203K
11:30 AM ET
US sells $75 bln 4-Week Bills
1:00 PM ET
US sells $37 bln 7-Year Notes
Speakers
9:00 AM ET
Fed's Goolsbee delivers a policy speech at the Peterson Institute for International Economics.
Text: TBD.
Q&A: Yes, with a moderator.
10:45 AM ET
BoE's Greene speaks as a panelist at the 3rd WE_ARE_IN Macroeconomics and Finance Conference on ‘What is the Effect of Climate Change on our Understanding of Macroeconomic and Financial Stability’
12:30 PM ET
ECB's de Cos speaks on globalization in Spain
1:00 PM ET
Fed's Cook delivers closing remarks at a Minorities in Banking Forum.
Text: Yes.
Q&A: No.
4:00 PM ET
Fed's Powell will host a town hall with educators.
He will respond to questions from the in-person audience and participants who will join the event virtually from across the country.
The event will be broadcast at federalreserve.gov and at youtube.com/federalreserve.
Good luck!
