Fed Report Looms Large for Markets this Week

by Business Insider | September 15, 2013 10:14 pm

Fed Report Looms Large for Markets this Week

Former Treasury Secretary Larry Summers has pulled himself out of the running for Chairman of the Federal Reserve.

While this is likely to dominate headlines Monday, there are some big economic events to watch this week.

Here’s your Monday Scouting Report:

Top Story

Economic Calendar

Market Commentary

“Larry Summers’ withdrawal from the race for Fed chair will likely be interpreted by markets as bullish for US interest rate curve trades, duration more generally, and risk assets (including credit and equities),” wrote PIMCO’s Mohamed El-Erian for Business Insider[3]. “It may also impact the manner in which the outcome of this week’s important Fed policy meeting is interpreted by markets.”

Endnotes:
  1. economists expect to hear that the Fed is tapering: http://www.businessinsider.com/economists-update-taper-expectations-2013-9?utm_source=investorplace&utm_medium=referral
  2. shifted their expectations to “taper-lite,”: http://www.businessinsider.com/what-the-feds-taper-lite-actually-means-2013-9?utm_source=investorplace&utm_medium=referral
  3. wrote PIMCO’s Mohamed El-Erian for Business Insider: http://www.businessinsider.com/el-erian-market-reaction-to-summers-2013-9?utm_source=investorplace&utm_medium=referral

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