US equity indexes on Globex Monday evening (US time) trading:
- S&P500 index futures (ES) + around 0.7%
- NASDAQ (NQ) +0.8%
Jumping after the new year holiday. Coming up this week from the US is a barrage of data and also, and of much focus, the minutes of the Federal Open Market Committee (FOMC) December 13th – 14th meeting. Due at 1900 GMT on Wednesday 04 January 2023
Eyes will be on any further discussion of
- inflation developments, Fed officials have been keen to point out further upside risk for CPI
- softening financial conditions prior to the meeting, does the FOMC need to push harder against these?
- terminal rate predictions in the future; Chair Powell said at his news confernce on the 14th that Powell had said in his press conference that he "can’t tell you confidently that we won’t raise our terminal rate estimate again in March”
