Federal Budget Balance

In the intricate dance of economic management within the United States, the Federal Reserve System, affectionately known as the Fed, holds center stage. Charged with overseeing the nation's financial stability, the Fed's mandates span from fostering robust employment to steering sustainable economic growth. Its influence, wielded through a spectrum of policies, encompasses the ebb and flow of monetary currents, leaving indelible marks on various economic facets.

Recently, all the headlines were focused on the US debt ceiling, sparking discussions and concerns about the state of the nation's finances. The US debt has become a topic of great importance, drawing attention from economists, policymakers, and the public alike. But why is everyone talking about US debt? The answer lies in the significant implications it holds for the economy, financial stability, international relations, and the political landscape.

The Federal Reserve System (Fed) is the most important monetary oversight organization in the United States. However, its influence is much wider, it has a strong impact on global economic growth, the value of funds, and therefore all resources and goods. Let's look at the work of this regulator, and talk about its functions and tasks.

Key events: Eurozone – ECB Publishes Account of Monetary Policy Meeting   Last night the minutes of the November FOMC meeting were published. The main thing - the US regulator made it clear: there is a willingness to slow down the pace of rate hikes.

Key events: Eurozone - ECB's De Guindos Speaks Canada - BoC Business Outlook Survey Eurozone - ECB's Lane Speaks US - Federal Budget Balance Canada - BoC Senior Deputy Governor Rogers Speaks The fourth quarter earnings season of a tough year for stocks is here, while the S&P 500 Index lost 25% so far. The market is back at oversold levels, and the upcoming reporting season may help it show a short-term recovery that will please investors but is unlikely to last.

Key events: Spain - Spanish CPI (YoY) (Aug)