FED: Rising U.S. interest rates have reduced demand for workers without pushing up layoffs, boding well for the soft landing sought by Federal Reserve officials, San Francisco Fed economist Nicolas Petrosky-Nadeau told MNI Friday.
FED: The Federal Reserve is unlikely to “pivot” on interest-rate increases because of recent financial turbulence like the crisis in the UK gilt market, and doing so would threaten its credibility amid high inflation, New York Fed advisor Sebnem Kalemli-Ozcan told MNI.
ECB: Bundesbank President Joachim Nagel tells Seddeutsche that ECB rates must rise significantly, with the ECB needing to send clear signals at the next meeting. ECB-dated OIS shows a 70bp hike priced for the Oct 27 decision with a cumulative 132bps to 1.98% by year-end.
Tsy futures remain weaker after the bell, off lows after September employment data came out slightly better than expected w/ jobs gain of +263k vs. +255k est, August up-revision by +11k.
Key late session market levels:
US DOLLAR LIBOR: Latest settlements:
NY Federal Reserve/MNI
NY Fed reverse repo usage recedes to $2,226.950B w/ 101 counterparties vs. $2,232.801B in the prior session. Recent record high stands at $2,425.910B on Friday, September 30.
Date | GMT/Local | Impact | Flag | Country | Event |
10/10/2022 | 0600/0800 | * | ![]() | NO | CPI Norway |
10/10/2022 | 0830/1030 | * | ![]() | EU | Sentix Economic Index |
10/10/2022 | 1200/0800 | ![]() | US | Chicago Fed's Charles Evans | |
10/10/2022 | - | ![]() | EU | ECB Lagarde at IMF/World Bank Annual Meetings | |
10/10/2022 | 1300/1500 | ![]() | EU | ECB Lane Opens ECB Monetary Policy Conference | |
10/10/2022 | 1500/1100 | ** | ![]() | US | NY Fed survey of consumer expectations |
10/10/2022 | 1735/1335 | ![]() | US | Fed Vice Chair Lael Brainard | |
11/10/2022 | 2145/1045 | ** | ![]() | NZ | Electronic card transactions m/m |
11/10/2022 | 2301/0001 | * | ![]() | UK | BRC-KPMG Shop Sales Monitor |
11/10/2022 | 2330/1030 | ![]() | AU | Westpac-MI Consumer Sentiment | |
11/10/2022 | 0030/1130 | ![]() | AU | NAB Business Survey | |
11/10/2022 | 0600/0700 | *** | ![]() | UK | Labour Market Survey |
11/10/2022 | 0800/1000 | * | ![]() | IT | Industrial Production |
11/10/2022 | 0900/1000 | * | ![]() | UK | Index Linked Gilt Outright Auction Result |
11/10/2022 | 1000/0600 | ** | ![]() | US | NFIB Small Business Optimism Index |
11/10/2022 | - | ![]() | EU | ECB Panetta IMF/World Bank Annual Meetings | |
11/10/2022 | 1245/1445 | ![]() | EU | ECB Lane Keynote Speech | |
11/10/2022 | 1400/1000 | ** | ![]() | US | IBD/TIPP Optimism Index |
11/10/2022 | 1530/1130 | ![]() | US | Philadelphia Fed's Patrick Harker | |
11/10/2022 | 1530/1130 | * | ![]() | US | US Treasury Auction Result for 13 Week Bill |
11/10/2022 | 1530/1130 | * | ![]() | US | US Treasury Auction Result for 26 Week Bill |
11/10/2022 | 1600/1200 | ![]() | US | Cleveland Fed's Loretta Mester | |
11/10/2022 | 1700/1300 | *** | ![]() | US | US Note 03 Year Treasury Auction Result |
11/10/2022 | 1800/1900 | ![]() | UK | BOE Cunliffe Panels IIF Annual Meeting | |
11/10/2022 | 1800/2000 | ![]() | EU | ECB Lane NY Fed Fireside Chat | |
11/10/2022 | 1835/1935 | ![]() | UK | BOE Bailey in Conversation w. Tim Adams at IIF Meeting |