Good Morning Traders!
It is Monday 12th of June. Here are the things to look out for today.
Sentiment
Officials of the Federal Reserve are reconsidering their belief that wage increases are causing inflation, a significant philosophical shift that strengthens the argument for pausing their tightening drive this week. The pause this week is likely to be followed by a clear indication that Fed policymakers are ready to continue raising rates if necessary. The major central banks of the world are approaching a crucial turning point in their battle against inflation, and whichever path they finally take will have an impact on the economy for years to come.
Docket
11:30 AM ET
US 3-Month Bill Auction
US 6-Month Bill Auction
12:00 PM ET
NY Fed Inflation Expectations
13:00 PM ET
US 3-Year Note Auction
Speakers
10:00 AM ET
BoE's Mann speaks in a webinar hosted by Signum Chairman Charles Myers. Event for an invited audience held under the Chatham House Rule.
