All eyes will be on the FED and Dollar rates today. Analysts expect the FED to hike the rate by a further 25 points to 5.5%. This could set the tone for other central banks in the near future. However the hike might not be nailed on. The inflation number for the last 2 months has come in below expectations and currently sits at 2.97%. There has been some rhetoric in global banking that inflation could overshoot to the downside below the target of 2%, so the foot could be taken off the gas on future interest rates.
The press conference after the rate decision is possibly the only other scheduled data release of any note today.
Anyone interested in Euro rates might be considerate of the ECB rate decision tomorrow. The Pound has been steadily gaining versus the Euro in the last couple of days, but that could shift tomorrow around lunchtime.
Business news brings the UK rental market under the spotlight. With an average of 20 viewings for each rental property now it looks to be a landlords market for the moment.
US: 19:00 Interest Rate Decision
US: 19:30 FOMC Press Conference
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