Morning Juice – Europe Session Prep

Good Morning Traders.
It is Thursday the 18th of September. Here is what to look out for today.

Sentiment
Federal Reserve Chair Jerome Powell rallied a deeply divided committee of policymakers behind an interest rate-cut, tuning out heavy political pressure to find middle ground among officials variously worried by a faltering labor market and lingering inflation concerns. Jerome Powell pushed back against bond traders betting that the Federal Reserve would sweep in with a series of aggressive interest-rate cuts to prevent the US economy from stalling. New Zealand’s economy shrank much more than economists forecast in the second quarter, fueling bets that the central bank may need to cut interest rates more aggressively than it currently projects. Australian unemployment held steady last month even as the economy shed jobs with fewer people looking for work, signaling the labor market remains tight and reinforcing the Reserve Bank’s cautious approach to policy easing.

Docket
04:00 ET
Norwegian Bank Rate – Forecast: 4%, Prior: 4.25%, Range: 4.25% / 4%

07:00 ET
BoE Bank Rate – Forecast: 4%, Prior: 4%, Range: 4% / 4%
Bank of England Rate Statement