Morning Juice – Europe Session Prep

Good Morning Traders.
It is Wednesday the 27th of August. Here is what to look out for today.

Sentiment
A gauge of Australia’s monthly inflation accelerated faster than expected in July, moving closer to the top of the Reserve Bank’s 2-3% target and supporting a gradual approach to cutting interest rates. Federal Reserve Bank of Richmond President Tom Barkin said his forecast is for a modest adjustment in interest rates given what he expects will be little variation in economic activity over the remainder of the year. The Trump administration is reviewing options for exerting more influence over the Federal Reserve’s 12 regional banks that would potentially extend its reach beyond personnel appointments in Washington, according to people familiar with the matter President Donald Trump said he was prepared for a legal fight with Federal Reserve Governor Lisa Cook after he moved to oust her from her post following allegations that she falsified mortgage documents. The Senate Banking Committee is preparing to hold a hearing next week on the nomination of White House economic adviser Stephen Miran to serve as a Federal Reserve governor, as President Donald Trump accelerates his push to reshape the central bank. The US will slap a crushing 50% tariff on some Indian goods starting Wednesday – the highest in Asia – as President Donald Trump presses ahead with the levies to punish New Delhi for buying Russian oil.

Docket
02:00 ET
German GFK Consumer Sentiment
Forecast: -21.5, Prior: -21.5, Range: -20.4 / -23