WWJD III

What Would Janet Do???? 3rd Chance To Raise Rates

 

+  Intro: Investors have an important week ahead as they turn their attention to the FED. On the economic calendar Building Permits, CPI and the Philadelphia Fed are scheduled to report

+  Fed & Rate Fears: On Thursday 9/17, the Fed will release a statement where everybody will be waiting to see if they decide to raise rates. If the Fed does raise rates, we can expect to see significant volatility following the statement release. Some of the results of an interest rate increase include a strengthening in the US Dollar, a spike in Utilities & Financial companies, a weakening of foreign currencies, oil and metals. We would also see mortgage rates go up as Treasury yields will increase. If they decide not to raise rates, traders will look for hints as to the timing of a rate hike. A press conference will follow the announcement with FOMC Chair Janet Yellen taking questions

+  Central Banks: During the week, multiple central banks will be making policy statements. Traders will be listening for announcements of any additional monetary easing to further strengthen their nations’ economies

+  CPI: Additionally, we will see CPI readings from across the globe. Investors will be looking to see if central banks attempts to increase inflation are working. Should CPI come in weaker than expected, we could see central banks take further monetary policy steps to weaken its currency against the US Dollar. Conversely, its respective global indices will likely increase on any central bank easing

 

MONDAY (9/14)

  • China Industrial Production

 

TUESDAY (9/15)

  • 8:30 PM ET – Retail Sales - Aug
  • 8:30 AM ET – Empire Manufacturing - Sep
  • 9:15 AM ET - Industrial Production - Aug
  • 9:15 AM ET - Capacity Utilization - Aug
  • 10:00 AM ET - Business Inventories - Jul
  • Reserve Bank of Australia Meeting Minutes
  • Bank of Japan Monetary Policy Statement and Press Conference
  • Great Britain CPI
  • German ZEW Economic Sentiment

 

WEDNESDAY (9/16)

  • 8:30 AM ET – CPI - Aug
  • 10:30AM ET – Crude Oil Inventories
  • New Zealand GDT Price Index
  • Great Britain Unemployment Rate
  • Canada manufacturing Sales
  • Earnings: Oracle, FedEx

 

THURSDAY (9/17)

  • 8:30 AM ET - Weekly Jobless Claims
  • 8:30 AM ET – Housing Starts – Aug
  • 8:30 PM ET – Building Permits - Aug
  • 8:30 PM ET – Current Account Balance – 2Q
  • 10:00 AM ET – Philadelphia Fed – Sep
  • 2:00 PM ET – FOMC Rate Decision
  • 2:30 PM ET – FOMC Press Conference
  • New Zealand GDP
  • Bank of Japan Governor Haruhiko Kuroda speaks
  • Earnings: Adobe

  

FRIDAY (9/18)

  • 8:30 AM ET – Leading Indicators – Aug
  • Reserve Bank of Australia Governor Speaks
  • Swiss National Bank Libor Rate and Policy Statement
  • Canada CPI