Powell Q&A: A downside risk in GDP was a revision to GDI, but GDI was revised higher

• Comments from the Fed chair in Nashville

Powell: Policy will move over time to neutral if economy meets forecasts

• Powell speaks at the National Association for Business Economics' meeting

Fed Goolsbee worried about the possible continued port shutdown. Case for rate cuts clear.

• Speaking on FOXBusiness news

Fed Pres. Bostic: Is open to another 50 bp cut if labor market shows continued weakness

• Atlanta Fed Pres. Bostic speaking

ECB's Lagarde: Next inflation reading likely to be below baseline

• More from Lagarde

OPEC meeting: a look at the outcomes

ECB's Lagarde: Some survey indicators suggests the recovery is facing headwinds

• Lagarde starting to tee up an October rate cut?

SNB data shows Swiss central bank was hardly active in FX markets in Q2

• The SNB bought CHF 103 million of foreign currencies in Q2 this year

Fed's Bowman and Powell will both speak on Monday. Let the 25 vs. 50 battle (re) commence!

• Fed Governor Bowman dissented from the FOMC decision, sees strength in US economy. Chair Powell wanted 50 and got it.

Midweek roundup: Pound holds despite weak GDP

Bank of England Monetary Policy Committee member Greene speaks on Monday, late NY time

Australian August 2024 Private Sector Credit +0.5% m/m (expected +0.5%)

• Data from the Reserve Bank of Australia

PBOC sets USD/ CNY reference rate for today at 7.0074 (vs. estimate at 7.0098)

• PBOC CNY reference rate setting for the trading session ahead.

Global financial markets affected due to ongoing US-China turmoil

PBOC is expected to set the USD/CNY reference rate at 7.0098 – Reuters estimate

• PBOC CNY reference rate setting for the trading session ahead.

Rabobank look for GBP to outperform EUR in the months ahead

• Also looking for October volatility for both currencies

US economy - "There is no denying it: among the best performing economies in 35+ years"

• Mark Zandi is Chief Economist at Moody's Analytics - a response to blockbuster US GDP

What implied volatility says about this week's event risk

More stimulus from China over the weekend - banks instructed to cut mortgage rates

• PBOC tells banks to cut mortgage rates by October 31

Newsquawk Week Ahead: US NFP, ISMs, EZ CPI, Japan Tankan & OPEC+ JMMC

• Next week, highlights include the US jobs report, ISM Services and Manufacturing PMI, Flash CPI from the Eurozone, OPEC+ JMMC and the Japanese Tankan survey.

Two to watch - Fed Chair Powell speech and NFP are bookend focal points this coming week

• Powell speaks on Monday, on the economy and policy, while nonfarm payrolls will guide us on the labour market on Friday

What events will determine market sentiment in December?

Fed's Bowman: Data points continue to show economic strength

• Bowman in a Q&A

BNP Paribas revises call and sees the ECB cutting rates in October now

• The firm expects the ECB to deliver a 25 bps rate cut next month

BOJ hiking (slowly), RBA cutting (slowly), Fed, BoC, RBNZ all cutting

• Scenarios from UBS