Today, we don’t have any major economic releases on the agenda, except for a few lower-tier data points. The only notable event might be the NYFed survey on consumer expectations regarding inflation at 5:00 PM, which is typically published after the University of Michigan’s survey. Higher inflation expectations, combined with weak growth data, have recently put pressure on risk assets as they limit the Fed’s response to an economic slowdown. Expect the usual headlines about myths that could add noise as we approach the publication of the Consumer Price Index (CPI) on Wednesday. This will be the main event of the week, and the markets will position themselves ahead of the FOMC decision, based on inflation data.
Senior Dealer Yulian BonzovVarchev Absolute Trader
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