Good Morning, Traders!
It is Wednesday the 20th of September, and here are some things to look out for today.
Sentiment
After data showed that inflation in the country unexpectedly fell last month, UK government bonds rallied and the pound fell, underperforming all of its Group-of-10 peers.
The dollar remained stable, and US Treasury yields fell slightly ahead of the Federal Reserve's policy decision.
Following a slowing in inflation, the Federal Reserve is expected to pause interest-rate hikes for the second time this year, while leaving the door open for another increase as early as November, according to analysts and market pricing.
The approach of crude to $100 per barrel serves as a reminder to central bankers that the era of volatility heralded by the pandemic and war in Ukraine isn't going away.
Docket
10:30 AM ET
Weekly EIA Inventories
Crude - Median Forecast: -1.7M | Prior 3.954M | Range: 3.791M / -3.7M
1:30 PM ET
BoC Meeting Minutes
2:00 PM ET
US Interest Rate Decision - Median Forecast: 5.5% | Prior 5.5% | Range: 5.75% / 5%
FOMC Summary of Economic Projections
FOMC Rate Statement
2:30 PM ET
FOMC Press Conference with Chair Powell following the US interest rate.
Speakers
08:30 AM ET
ECB's Elderson gives a speech at the Springtij Forum 2023 in Terschelling, Netherlands.
https://www.springtij.nu/springtij-forum- 2023/
Good luck!