Atlanta Fed President Dennis Lockhart said on Friday that it still expects to increase short-term interest rates the Fed before the end of the year, as the dynamics of growth of the US economy is quite allows it. This Lockhart noted that the economic data is provided mixed signals, and the degree of uncertainty has increased as compared to a few weeks earlier.
The head of the Federal Reserve Bank of New York, William Dudley, in turn, noted that it was reasonable to postpone the rate hike at the September meeting. He also said that we should not overemphasize the weaker the September employment report. Weak emerging markets will have a moderating effect on the growth rate of the US economy. Dudley admitted that the Fed will raise rates in October, if the economic situation will develop according to expectations.
ECB President Mario Draghi indicated that the euro zone showed signs of stability for the more difficult external circumstances. As members of the Federal Reserve, he believes that the slowdown in growth in emerging markets creates new risks for the currency union. Inflation will remain "very low" in the short term and is expected to grow in 2016 and 2017.
Again performances by FOMC members Dennis Lockhart, Charles Evans, Lyell Braynard - they are unlikely to give the market any more accurate signals about plans to tighten monetary policy settings.
It should also pay attention to the speech of the head of the Bank of Canada Stephen Poloz.
Publication of important statistics today is not expected.