Fed’s Goolsbee
We get US retail sales tomorrow but it’s a bare economic calendar today aside from weekly US oil inventories. The speaker calendar is a bit more lively with three Fed officials starting with Goolsbee at 9:30 am ET. When he last spoke he said a March cut was unlikely.
Other Fed commentary comes from Barr at 4 pm ET and Bostic at 7 pm ET.
Right now the market is in a much better mood than yesterday. Everything turned around in the final hour of US trading and that’s continued today with S&P 500 futures up 25 points.
Outside of the US, there is some intrigue with speeches from:
- 9 am ET ECB Cipollone
- 10 am ET BOE Gov Bailey
- Noon ET ECB’s Nagel
- 2:30 pm ET BOC’s Mendes
- 5 pm ET RBA’s Bullock