Good Morning Traders!
It is Tuesday the 10th of October and here is what to look out for today.
Sentiment
The dollar edged lower this morning after Federal Reserve officials suggested they may hold off from raising US interest rates any further.
US Treasuries rallied, also boosted by safe-haven demand on concerns of escalating tensions in the Middle East following Hamas’ attack on Israel.
Investors await speeches by more Fed officials later in the day.
Top Federal Reserve officials are coming together around the idea that tighter financial conditions after a recent surge in US Treasury yields may substitute for additional increases in their benchmark interest rate
The IMF lifted its global inflation forecast for next year and called for central banks to keep policy tight until there’s a durable easing in price pressures.
Docket
11:00 AM ET
New York Fed Inflation Expectations
11:30 AM ET
US Sells $73 bln in 3-Month Bills at Auction
US Sells $66 bln in 6-Month Bill at Auction
13:00 PM ET
US sells $46 bln in 3-Year Notes at Auction
Speakers
09:00 AM ET
Fed's Perli, the New York Fed's System Open Market Account manager, speaks at the National Association for Business Economics conference about monetary policy implementation. Text is expected but no Q&A.
09:30 AM ET
Fed's Bostic takes part in moderated conversation with American Bankers Association chief policy officer Naomi Camper at the ABA's Annual Convention, and will discuss outlook for US economy. No text or Q&A.
11:15 AM ET
ECB's Villeroy speaks on panel and delivers keynote address.
13:00 PM ET
Fed's Waller delivers the keynote address at a monetary policy conference hosted by George Mason University's Mercatus Center.
15:00 PM ET
Fed's Kashkari will participate in a town hall hosted by Minot State University in Minot, North Dakota. Q&A with moderator.
Good luck!
