🟢🔥IMPORTANT🔥
KEY WEEK: THE DATA THAT WILL DECIDE WHETHER THE FED KEEPS RAISING RATES
👀 With the 10-year bond at 5.18% and a 70% chance of a hike in October, every data point matters.
What should you watch this week⁉️
👉 On Monday: Bank of Japan meeting minutes
▪️ If they confirm they won’t raise the rate, the risk of the carry trade decreases, which is positive for financial markets.
👉 On Wednesday: PCE inflation and Q2 GDP
▪️ PCE is the FED’s favorite inflation measure: in July, headline came in at 3.7% and core at 3.3%.
▪️ A PCE lower than expected would be positive for financial markets, since it reduces the chances that the FED will raise rates
▪️ Strong GDP would give the FED more room to keep raising
👉 On Friday: the September employment report
▪️ A strong labor market strengthens the case for more rate hikes, which would be negative for financial markets
KEY WEEK: THE DATA THAT WILL DECIDE WHETHER THE FED KEEPS RAISING RATES
👀 With the 10-year bond at 5.18% and a 70% chance of a hike in October, every data point matters.
What should you watch this week⁉️
👉 On Monday: Bank of Japan meeting minutes
▪️ If they confirm they won’t raise the rate, the risk of the carry trade decreases, which is positive for financial markets.
👉 On Wednesday: PCE inflation and Q2 GDP
▪️ PCE is the FED’s favorite inflation measure: in July, headline came in at 3.7% and core at 3.3%.
▪️ A PCE lower than expected would be positive for financial markets, since it reduces the chances that the FED will raise rates
▪️ Strong GDP would give the FED more room to keep raising
👉 On Friday: the September employment report
▪️ A strong labor market strengthens the case for more rate hikes, which would be negative for financial markets
