Morning Juice – Europe Session Prep

Good Morning Traders.
It is Monday the 25th of August. Here is what to look out for today.

Sentiment
Chair Jerome Powell used his keynote speech at Jackson Hole on Friday to signal the Fed is headed for an interest-rate cut as soon as its next policy meeting in September. Yet there are clear divisions among policymakers over whether that’s the right call. Powell, himself, noted the economy has handed Fed officials a “challenging situation”. Bank of Japan Governor Kazuo Ueda said he expects a tight labor market to keep upward pressure on wages, reflecting his view that stable inflation is set to take hold. New Zealand Prime Minister Luxon said he personally agrees that the Reserve Bank should have cut the Official Cash Rate by 50 basis points last week.

Docket
04:00 ET
German IFO’s
Expectations – Forecast: 90.5, Prior: 90.7, Range: 91.5 / 89
Current Conditions – Forecast: 86.7, Prior: 86.5, Range: 87.2 / 85.6
Business Climate – Forecast: 88.8, Prior: 88.6, Range: 90 / 87.5