Google Analytics

Wednesday, September 20

20th Sep - Fed as expected - down, then up

Follow ‘MoreLiver’ on Twitter

Germany Needs Some of its Own Medicine – BB
Biggest European Junk Bond Fund Says Now Is Time to Be Fearful – BB

Editorial: Trump Strikes a False Note at the United Nations – BB
Editorial Congress needs to learn how FBI meddled in 2016 campaign – WSJ
The Constitution Is Passing the Trump Stress Test – BB

Robert Burgess: Fed Has Markets Right Where It Needs Them – BB
Tim Duy: Fed Would Surprise Markets If It Stays Hawkish – BB
Fed conflicted by tepid U.S. inflation, global economic rebound – Reuters
El-Erian: The Next Step in the Fed’s Beautiful Normalization – BB
Why this Fed meeting won’t be a non-event – ING
Why This Time Is Different: "Fed Guidance Really Matters" – BB
ING’s Fed meeting cheat sheet – ZH
Fed Day With Extremely Loose Financial Conditions – GMM
Traders’ Game of the Day: Spot the Dots – WSJ
FX Traders Haven't Been This Worried About FOMC Since Last Year – ZH
Too much attention on the Fed as other central banks still printing – BB
Is The Fed About To Admit The Market Was Right All Along – ZH
Prudence, politics force Fed to begin shedding U.S. bonds – Reuters

FOMC Statement – FED
FOMC Economic Projections – FED

Fed keeps rates steady, approves portfolio cuts in October – Reuters
Fed Signals Another 2017 Rate Hike, Asset-Shrinking to Start Next Month – BB
FOMC Shrugs Off Hurricane Weakness, Unwind StartsIn October – ZH
Dollar Jumps, Yield Curve Dumps, 2Y Yield To Highest Since 2008 – ZH
Traders Getting on Board With One More Rate Increase This Year – WSJ
The Fed’s New Dot Plot – BB
Dollar Climbs, Bonds Slide as Fed Sees 2017 Hike – BB

FANG Stocks Take Repeated Hits and the World Keeps Spinning – BB
How We Got Hooked on Central Banks' Guidance – BB
Abe and BOJ – Marc Chandler
Vanguard Warns of Decade of Muted Returns Despite Strong Growth – BB
Ideas aren’t running out, but they are getting more expensive to find – voxeu

Morning Report APACTF
Asian markets opened down as investors waited on news from the FOMC meeting. In his UN speech Trump threatened to "totally destroy" North Korea if its nuclear program imperils America and its Asian allies.

FirstFT Daily BriefingFT
Second Mexico earthquake, Alexa on the move, Trump UN speech panned

How Far the Fed Could Go, Small Business Optimism Drops to Post-Brexit Low

“Best of the web” daily chartsLukas Daalder

Danske DailyDanske Bank

Tough words, progressing tax reform, Fed ahead * The Fed’s balance sheet plans in focus today * Euro area yields inched lower * EURUSD only slightly higher

Morning MarketsTF
Caution was the key theme in Asian markets today with many investors awaiting the outcome of the FOMC meeting before making any major decisions. Donald Trump's bellicose speech before the UN Tuesday with harsh warnings for Pyongyang also has markets wary.

Daily Market CommentMarc Chandler
Shrinkage and Beyond

Brussels PlaybookPolitico
EU’s global terror plan — May’s pay day — Trump’s UN speech

Five Things You Need to Know to Start Your DayBB

Global Markets, US Futures Barely Move With All Eyes On The Fed


FX UpdateTF
The Fed will take the notable step of announcing the start of unwinding its enormous balance sheet at today’s meeting though this has been thoroughly flagged in advance. The bigger question for the market is the degree to which the Fed climbs down from its rate forecasts for a December hike and the hiking path for next year and beyond.

Fedin kokous: Yellen linjaa tänään pitkien korkojen suunnan * EURCHF-valuuttapari korkeimmalla tasolla sitten vuoden 2015 * Markkinoilla rauhallista