Morning Juice – US Session Prep (7th October)

Sentiment
The dollar extended gains, benefiting from a continuing selloff in the yen on increasing speculation BoJ interest-rate hikes could be limited. USD/JPY climbed 0.3% to 150.77. The yen declined for a 4th day on concern the BoJ is less likely to raise rates under a government potentially led by pro-stimulus lawmaker Takaichi. A move by the BoJ to hike rates this month would probably come too soon after the formation of Takaichi’s administration, one of her closest economic advisers said.

Treasuries fell as investors await speeches by Fed policymakers for more hints about the outlook for rate cuts.

European equities and US stock futures struggled for direction on Tuesday as investors awaited political developments on both sides of the Atlantic. Gold retreated after coming close to $4k an ounce.

Economic Releases
11:00 ET
NY Fed 1-Yr Inflation Expectations

12:00 ET (Tentative)
EIA STEO Report

13:00 ET
IMF Fiscal Monitor Report

Speakers & Events
10:00 ET
Fed’s Bostic Participates in discussion and Q&A with Fisk University Board of Trustees. No Text.

10:05 ET
Fed’s Bowman gives welcoming remarks via recorded video at St. Louis Fed’s 2025 Community Banking Research Conference. Text expected. No Q&A

10:30 ET
Fed’s Miran speaks in fireside chat at MFA Policy Outlook 2025. No text. Q&A expected

11:30 ET
Fed’s Kashkari participates in a conversation on AI and the economy at Minneapolis Star Tribune North Star Summit 2025. No indication of text or Q&A.

Trump greets Canada’s PM Carney

11:45 ET
Trump participates in a Bilateral Meeting with Canada’s PM Carney (Closed Press)

12:00 ET
ECB’s Nagel speaks at public discussion in Athens

12:10 ET
ECB’s Lagarde speaks at Business France in Paris. Text expected

12:15 ET
Trump participates in a Bilateral Lunch with Canada’s PM Carney (Closed Press)

15:00 ET
Trump meets Israeli hostage (Closed Press)

16:05 ET
Fed’s Miran speaks at Deutsche Bank 2025 Fall macro Conference. No text. Q&A expected