Be humble or be humbled.
-
Week Ahead: The First Look at US and EMU Q3 GDP and more Tapering by the Bank of Canada
The macro highlights for the week ahead fall into three categories. First are the preliminary estimates for Q3 GDP by the US and the EMU. Second, are the inflation reports by the same two. The US sees the September PCE deflator, which the Fed targets, while the eurozone releases the first estimate for October CPI. Third are the meetings of three G7 central banks, the BOJ, the ECB, and the Bank of Canada. The broad backdrop includes softening PMI readings, the continued rise in oil prices, and a sharp backing up of interest rates. On the eve of last month's FOMC meeting conclusion, the August 2022 Fed funds future ... (full story)