The economists lowered the odds Wednesday morning for a September rate hike to 40 percent. On Friday, they gave 55 percent odds even after the tepid August jobs report convinced many that the Fed was not likely to move soon.
“In light of all the events since the referendum, since the evening of the 23rd, I’m absolutely serene” about the judgments taken by BOE officials including the Monetary Policy Committee, the governor told lawmakers including Jacob Rees-Mogg, who took the lead in questioning the Canadian.
North American futures are flat today as investors seek more clues on the timing of the next Fed rate hike and ahead of the Bank of Canada’s interest rate decision.
Next Trading Day's Important Events
- 14:45 (GMT 3) ECB interest rate
- USDJPY: 101.49
- EURUSD: 1.1250
- S&P 500: 2,185.70
- NASDAQ : 5,281.65