I hope everyone is having a good weekend. Another week mostly devoid of economic data while the shutdown drags on.
We did get CPI, and core came in at 0.23% MoM, which was lighter than expectations. However, at deeper glance, this report was actually quite bad. Hurricane warnings are in effect.
In terms of this week’s catalysts, we have the BOC, Fed and BOJ meetings on tap. The BOC and Fed are fully priced in for cuts, while the BOJ is not expected to hike and one would be a surprise.
Let’s see what we can make of the current landscape.