Look ahead to March 20 - could a big one - Brexit MV3 and FOMC!
The UK times reports PM May is preparing a third meaningful vote on Brexit
I can't disagree with them, posted it earlier:
- Brexit - here's a note for your diary - third meaningful vote on March 20
- and UK PM May to her own party rebels - back me or else! (risk losing Brexit)
Its maybe a bit too early for a preview of what else is scheduled for March 20 - the Federal Open Market Committee meeting!
But, hey, whatever …
- The Fed changing its reaction function - showing a higher inflation tolerance - should be seen in a lower dot plot on March 20. In addition, the Fed may look at international factors too, and there may be good reason to do so as its economy no longer enjoys the 'protection' of the past fiscal expansion, de-facto increasing its dependence on global economic circumstances. A weaker USD would ease global funding conditions and may work in favour of prolonging the global economic expansion.
(via Morgan Stanley)