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EUROPE
Brexit, Cyprus and the EU Summit – Marc
Chandler
SEK: could the Riksbank erase and rewind? – Nordea
The Riksbank has turned
less worried about the inflation outlook and signaled increased tolerance of
SEK gains. While the ECB’s QE acceleration could still throw a wrench in the
works, the biggest of the Riksbank's "exit challenges" would be if it
allowed markets to reprice Swedish rates. A repricing of Swedish rates would
prompt a substantial appreciation of the SEK.
MIGRATION
CRISIS
6 countries that could
derail the EU-Turkey migration deal – Politico
EU and Turkey on
collision course over refugee deal – FT
5 Things To Know About
Europe’s Migration Deal With Turkey – WSJ
UNITED STATES
FEDERAL
RESERVE
Is America’s tightening
cycle almost over? – FT
Press Release – FED
Economic Projections – FED
FOMC Projections and
Press Conference – Bill
McBride
How the March Statement
Changed from January – WSJ
Fed Pulls Back to Two
Hikes, Dollar Drops and Stocks Rally – Marc
Chandler
See Markets React to the
Fed in 7 Charts – WSJ
Fed Dot Plot Points to
More Gradual Rate Rises – WSJ
The Fed's Hidden Message
– View
/ BB
Fed holds steady, now
sees two hikes this year – Reuters
Economists React: ‘They
Do Not Appear To Be in a Rush’ – WSJ
Fed leaves rates
unchanged, lowers economic forecasts – WaPo
Fed Scales Back
Rate-Rise Forecasts as Global Risks Remain – BB
The Fed throws in the
towel – Scott Sumner
FOMC review:
surprisingly dovish now – Nordea
MACRO
NUMBERS
Fed: Industrial
Production decreased 0.5% in February – Bill McBride
Housing Starts Beat
Expectations – ZH
Bonds & Stocks
Tumble As Core CPI Surges By Most Since October 2008 – ZH
CPI review: US core
inflation continues grinding higher – Nordea
OTHER
Understanding balance of payments crises in a
fiat currency system – Frances
Coppola
REGULARS
Economic Outlook will be out today
at 9AM CET * Fed to keep door open for rate hike in April or June * BOJ could
cut to -0.5% according to Kuroda
Asian stocks mostly fell on
Wednesday though Chinese stocks managed to edge modestly higher while oil firmed
and the dollar drifted ahead of the keenly awaited US Federal Reserve meeting
later today.
Dollar Firm Ahead of the FOMC, UK
Budget Looms
Daily Market Comment
– Macro
Man
The only thing that goes down more
regularly than the dots is Valeant
The political turmoil
afoot in Brazil has to put an end to the recent BRL rally and taken both stocks
and the currency sharply lower today. Elsewhere in emerging markets
governmental and economic issues as well as the risk-off trend are pushing
prices lower.
Daily Press Summary – Open
Europe
Numerous European
capitals poised to derail EU-Turkey migrant deal as IDS calls on Cameron to
veto * Cameron: Canada-style agreement with EU “is not the right deal for us” *
Significant numbers of black and ethnic minority voters could back Brexit over
rise of far-right and frustration with EU free movement rules * Osborne: Storm
clouds gathering over global economy * Mandelson: Brexit could upset Northern
Irish peace process * Report voices concerns group visits to European
Parliament are being used to reward party activists * Dutch MPs want to debate
negative effects of ECB low interest rates with Dutch central bank governor * Slovakian
PM nears coalition deal
Brussels Playbook – Politico
Migration mayhem —
Trump, Clinton and Kasich triumph
Futures Flat Ahead Of Fed Meeting
Expected To Usher In More Rate Hikes
The risks over today’s
US Federal Reserve meeting are certainly two-way as the market is neither sure
what to expect nor sure how it is to react to central bank meetings after the
example set by the European Central Bank last week but we look for higher
probability of a USD-supportive outcome.
We probably won't get a
move tonight and the market is certainly not expecting it but a hawkish Fed may
widen the door for a April move.
FINLAND
& FINNISH
Haukkamainen
signaali markkinoille * Ruotsin inflaatio kehittyy keskuspankin kannalta
suotuisaan suuntaan * Yhdysvallat korvannut Euroopan romahtaneen Venäjä-viennin
* Tervetuloa Nordea Economic Outlook –webinaariin