Crude -4.72MM, Exp. -2.5MM Distillates +396K Gasoline +5.533MM Cushing +1.463M Production 11.6MM, -100kb/d
US GDP number will be published in 10 minutes. Economists predict that Q3 GDP growth is at 2.1% annualized.
Last week, the Federal Reserve kept interest rates near zero, but said it would step up the tapering of bond purchases and signaled up to three rate hikes next year to curb elevated inflation. The committee said it would increase the taper of its bond purchases by $30 billion a month in January,...
ECB leaves key rates unchanged in December as expected. PEPP to end in March, but APP expanded APP will continue at a monthly pace of €20 billion, but then strengthened to €40 billion in Q2 and €30 billion in Q3.
- Changes in economic outlook support faster taper - Virus and supply constraints pose threats to the economic outlook - Demand remains quite robust - We are still seeing fast economic growth - Inflation will run above our 2% goal well into 2022 -...
The Federal Reserve kept interest rates near zero Wednesday, but said it would step up the tapering of bond purchases and brought forward its timeline on rate hikes to curb elevated inflation. The committee said it would increase the taper of its bond purchases by $30 billion a month, d...
The U.S. central bank is widely expected to signal a faster end to its bond-buying campaign and a quicker start to raising interest rates at its meeting. The statement will be released at 2 p.m. ET (1900 GMT), followed by Fed chief Jerome Powell news conference.
Last week,US CPI for November printed near expectations at 0.8% m/m, 6.8% y/y. This is the highest reading in the headline CPI report since 1982. The market saw optimism in last week over the Omicron variant of the new coronavirus may not be as bad as feared. BioNTech and Pfiz...
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