Morning Juice – Europe Session Prep

Good Morning Traders.
It is Friday the 26th of September. Here is what to look out for today.

Sentiment
Lorie Logan, president of the Federal Reserve Bank of Dallas, has proposed replacing the central bank’s benchmark federal funds rate – the primary tool the central bank has used to steer the nation’s economy since the 1980s – with a much more widely used market bellwether. US President Donald Trump announced a fresh round of tariffs, including a 100% duty on branded or patented pharmaceuticals starting October 1, unless a company is building a manufacturing plant in America. Consumer inflation in Tokyo unexpectedly held steady on the effects of temporary subsidies, in data that back the Bank of Japan’s cautious approach to raising its benchmark interest rate without derailing it from its upward path. Federal Reserve Governor Lisa Cook’s attorneys urged the US Supreme Court to let her stay on the job while she fights President Donald Trump’s attempt to fire her, warning that even her temporary removal risks “chaos and disruption” in financial markets.

Docket
04:00 ET
ECB CPI Expectations