Google Analytics

Wednesday, June 14

14th Jun: Fed hikes, balance sheet normalization





Follow ‘MoreLiver’ on Twitter


EUROPE

Rogoff: The Eurozone Must Reform or Die – Project Syndicate
Rogoff: How Long Can the Eurozone Survive Without Greater Integration? – Project Syndicate


UNITED STATES
U.S. consumer prices, retail sales weaken in May – Reuters

  FEDERAL RESERVE
Fed raises rates, unveils balance sheet cuts in sign of confidence – Reuters
Yellen Doubles Down on Bet Hot Job Market Stokes Inflation – BB
How the June Statement Changed From May – WSJ
FOMC Delivers "Dovish Hike", Lays Out Plans For Balance-Sheet Unwind – ZH
Bank Stocks, Dollar Jump As Fed Sends Yield Curve Tumbling Near 10-Year Lows – ZH
Balance Sheet "Normalization": Reduce Reinvestments By $10BN/Month – ZH
Goldman's Take On The FOMC: Taper In September, Next Rate Hike In December – ZH
Fed’s Dot Plot at Odds With Trader Views – WSJ
See Markets React to the Fed in 8 Charts – WSJ
A more detailed look at the Fed’s balance sheet plan – FT
Federal Reserve Strategy Intact – Marc Chandler
Hawkish Fed rate hike with plan to shrink balance sheet – Nordea


OTHER
Tech tantrum shows how US equities trading has changed – FT


REGULARS
Morning Report APACTF
Markets focus on China data and the FOMC meeting later today with any clues for future policy.

FirstFT Daily BriefingFT
Anbang chairman detained, Singapore’s first family feud, surviving life at the back

WSJ CityWSJ
EU ‘Door Remains Open’ to U.K., Investors Eye Fed, Huge London Fire

Danske DailyDanske Bank

Eye-OpenerNordea
Risk-on – Wall Street set records * Fed set to raise rates again – today’s CPI prints important for Fed’s guidance * Risk on mode across markets * USD awaiting Fed tonight. CAD rose yet again on hawkish comments

Morning MarketsTF
Tuesday's Wall Street session saw the US tech sector bounce back from the two-session 4% rout that started last Friday. The momentum carried forth into Asia where tech shares caught a bid most notably Nintendo which gained 3.1% on the back of new games releases.
 
Daily Market CommentMarc Chandler
In the Run-Up to the FOMC

Brussels PlaybookPolitico
Beware sherpocracy — New EU politics podcast — Finland flip

Five Things You Need to Know to Start Your DayBB

10 things you need to know before the opening bellBI

US Open ZH
"FOMC Drift" In Full Effect As Global Stocks Rise; S&P Futures Hit New Record; Oil Slides

Frontrunning ZH

FX Update TF
The market views today’s FOMC meeting with little anticipation making it easy for the Fed to surprise if it wants to particularly if it chooses to shrug off recent soft data and fails to deliver the expected dovish downshift. But we're not holding our breath.


FINNISH
AamukatsausNordea
Lunastaako Fed odotukset? * USA:n keskuspankin Fedin odotetaan nostavan korkoja tänään * Tänään julkaistaan USA:n toukokuun pohjainflaatio * Brexitin vaikutukset alkavat näkyä