Fed's Rhetoric page 2

Key events:         UK – BoE MPC Treasury Committee Hearings     Eurozone – EU Leaders Summit      USA – Initial Jobless Claims Yesterday we could see another day of record highs for the FTSE100, as European markets again outperformed US markets, which bounced back.

Key events:       US – Martin Luther King, Jr. Day UK – BoE Gov Bailey Speaks The recently released CPI is prompting investors to question the Fed's plans to raise the overnight rate above 5%. The market doesn't seem to care, and after this data coincides with the forecast, yields are falling across the curve. Thus, 2-year Treasury yields have fallen to their lowest level since October, with room to fall substantially.

Key events:       USA – Fed Chair Powell Speaks      USA – EIA Short-Term Energy Outlook    

Key events:       Switzerland – Unemployment Rate s.a. (Dec)   Eurozone – Unemployment Rate (Nov) Canada – Building Permits (MoM) (Nov)   U.S. jobs data boosted the U.S. stock market Friday. Will it be able to hold on? The U.S. jobs number came in at 223,000. It was the lowest number in a while and the market took it as good news. Nevertheless, it was well above the expected 200,000 and still above pre-crisis levels. In other words, the employment situation remains too favorable for the Fed.

Key events:       USA - Christmas Canada - Christmas Switzerland - St. Stephen's Day UK - Boxing Day Australia - Boxing Day New Zealand - Boxing Day  

Key events:       Switzerland  – Interest Rate Decision (Q4)     Eurozone – EU Leaders Summit      UK – BoE Interest Rate Decision (Dec)     Eurozone – ECB Interest Rate Decision (Dec) USA – Core Retail Sales (MoM) (Nov)   USA – Initial Jobless Claims     Eurozone – ECB President Lagarde Speaks    

Key events: UK – Manufacturing PMI (Nov) USA – Core PCE Price Index (MoM) (Oct) USA – Initial Jobless Claims   USA – ISM Manufacturing PMI (Nov) The U.S. dollar is declining against major currencies in trading Thursday morning after a speech the day before by U.S. Federal Reserve (Fed) Chairman Jerome Powell.

Key events: Canada – GDP (MoM) (Sep)    UK – BoE Gov Bailey Speaks      USA – CB Consumer Confidence (Nov) Friday's U.S. jobs report for November will be the main event this week as investors remain hopeful that the Federal Reserve will soon slow the pace of rate hikes. Fed Chairman Jerome Powell's midweek remarks will be closely watched. Eurozone inflation data will also be in focus, as will China's PMI data amid fears of renewed COVID-19 cases. Here's what you should keep in mind this week.

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.