Bullard comments in interview with Reuters ForexLive
That’s why oil is so important The Fed is focused on core inflation but oil still plays a major factor because it feeds into inflation expectations. When people see prices at the pump falling, that’s a deflationary input and will push expectations lower.
Comments from Clarida – ‘Especially important’ to monitor range of data at this stage in US rate hike cycle – Important to see capex rebound after soft Q3 Hawkish stuff, especially if you were looking for something dovish.
What’s coming up on the economic calendar The main event of the day might come at the bottom of the hour with a speech from the Fed’s Clarida. He’s the keynote speaker at The Clearings House annual conference, so it might be a technical or regulatory speech. He will take questions from the moderator after…
This is in conjunction to the publication of the financial stability report here However, given that the central bank still has their hands tied, expect them to reiterate that they still view a no-deal outcome as unlikely and that their forecasts will be based on there being a Brexit agreement/deal.
ECB chief economist Peter Praet comments in Frankfurt – Confident that underlying strength of economy supports convergence of inflation to central bank’s target ForexLive
BOJ governor Haruhiko Kuroda responds to questions in parliament – JGB purchases not aimed at monetising government debt – Market understands intention of BOJ’s JGB purchases ForexLive
ECB President Draghi will be speaking later today, at 1400GMT from the European parliament – In front of the Committee for economic and monetary affairs Draghi will also speak later, at 1600GMT
BoE Governor Carney is speaking later in the day in London, at 1830GMT – He will be in conversation with former Federal Reserve Chair Alan Greenspan – the two will be discussing a book Greenspan has co-authored Huh.
Reserve Bank of Australia Assistant Governor (Financial Markets) Christopher Kent speech, topic is ‘Securitisation and the Housing Market’ Nothing directly on the economy nor his views on monetary policy