Good Morning Traders!
It is Friday 9th of June. Here are the things to look out for today.
Sentiment
Most economists expect the Federal Reserve to suspend interest-rate rises next week for the first time in 15 months and keep policy on hold until December, despite the fact that the US economy remains sturdy and inflation remains persistent.
A Bank of Canada official stated that policymakers raised rates in June because strong demand increased the likelihood that inflation would remain above 2%, and that the neutral rate of interest may be higher than previously thought.
China's inflation stayed close to zero in May, raising concerns about a downward spiral in pricing and prompted the central bank to issue a statement downplaying economic concerns.
According to persons familiar with the topic, Bank of Japan policymakers see minimal need to change its yield curve control programme at a policy meeting next week given the improved functioning of the bond market and the smooth form of the yield curve.
Docket
08:30 AM ET
Canadian Employment Change - Median Forecast 21.3K | Prior 41.4K | Range 50K/-7.4K
Canadian Unemployment Rate - Median Forecast 5% | Prior 5.1% | Range 5.2%/5%
Good Luck Today!
