16 September 2013

Economic Calendar - FOMC Decision On Wednesday Highlights This Week In Economic News

The FOMC decision on September will be a highlight economic event for the week, since it is widely expected that the Fed will make some announcement on the taper.

Thinking runs to a small cutback in new purchases of debt in the 10 to 15 billion dollar per month area.

Bloomberg TV was beaming with the econmic numbers from this morning and a purported manufacturing renaissance. . I am glad that I looked them up. They missed the broad consensus in both Empire Manufacturing and in Industrical Production.

TIC flows might provide a surprise, or not, but the FOMC will be the big mover if there is one, excepting of course some black swan number which is not likely by definition.