Foreign Exchange Insights and Next Week
Next Week’s Menu: October 21-27, 2023
October 20, 2023
Central Banks: Monetary policies will be reviewed at central banks in Canada, Russia, Georgia, Turkey and at the European Central Bank. Bank of Canada Governor Macklem and ECB President Lagarde hold post-meeting press conferences, and Reserve Bank of Australia Governor Bullock, Fed Chairman Powell, and FED Governor Barr give speeches. Events: Argentine elections are scheduled […] More
New Overnight Developments Abroad - Daily Update
Financial Markets Remain Unsettled in Wake of Powell and Biden Speeches
October 20, 2023
Despite conceding that officials are carefully monitoring the recent sharp increase in bond yields, Federal Reserve Chairman Powell’s message remained hawkish overall. Inflation is still too high, a restrictive stance will be needed for quite a while longer, and further rate hikes may be required. The U.S. economy has shown resilience in the face of […] More
