Weekly Talking Points - Fed in focus (BoE and BoJ as well)

Our round-up of what to expect in the coming week and the key events of last week. We discuss the upcoming Fed, BoE and BoJ meetings. The Fed is expected to lower rates by 25 bp. the BoE could cut rates but is widely expected to stand pat at this meeting, while the BoJ was expected to raise rates but media reports suggest that they too could keep rates steady this week. We also look at key UK and US economic data coming out this week, more grist for the mill for economists! Our weekly Spotlight focuses on the US coupon curve (spread between 10 and 2-yr. note yields) and US banks. The curve has steepened a lot over the last 18 months or so and may steepen further in this cycle. Banks have already come a long way though, more gains ahead?. Our Review section looks at the ECB 25 bp rate cut, SNB and Bank of Canada 50 bp rate moves and the RBA keeping rates steady, along with economic data which showed the UK economy remaining lacklustre. To read more please subscribe.