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We start by examining the Fed decision, slide into the US economy and its recent hiccups  and this brings us to the bigger issues across the Atlantic.  

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  1. Fed: Powell and co. made subtle changes to the statement. Does the word symmetric mean that much?
  2. NFP run-down: Slow job growth and another deceleration in wage growth are not a disaster, but not that convincing either. We look at the big picture and see that the improvements are very very slow.
  3. Across the pond: Data has been “moderate in the euro-zone and quite bad in Brexit land Britain. We discuss the figures and how they had an impact on currencies.
  4. Preview:   The inflation report in the US, the BOE decision, and many other events are set to move the markets.

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