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MNI Global Week Ahead September 21 - 25

MNI (Washington)

Key Things to Watch For:


  • Tuesday, September 22 – Riksbank Policy Decision

    • With Sweden's economy faring better than initial worst expectations, the Riksbank looks set to leave policy unchanged at its September meeting, focusing on continued liquidity for the real economy, having already front-loaded its bond buying envelope through until summer 2021.
    • With rates at 0% and the already announced total SEK500 billion of potential bond buys spread across the range of fixed-income assets, the Riksbank has provided reassurance that it is committed to its easing program for many months to come.
    • This has left policymakers to focus on its main priorities for now – ensuring liquidity flows to the corporate sector and households, whilst underpinning stability across the financial markets.
    • "The main focus is to get … out liquidity in the economy so that the market functions well," rather than focus on the policy rate which has been left at zero, Deputy Governor Henry Ohlsson said in an MNI interview published last week.

  • Thursday, September 24 – U.S. Weekly Jobless Claims

    • U.S. initial jobless claims should reach 840,000 through September 1 after falling to 860,000 through September 12.
    • The labor market continues to recover, though job gains have slowed since rebounding more strongly earlier in the summer. The latest Census Bureau Small Business Pulse Survey indicated that only 4.7% of small businesses rehired laid off or furloughed workers in the latest week

  • Friday, September 25 – U.S. Durable Goods Orders

    • U.S. durable goods new orders should increase 1.3% in August after a stronger-than-expected 11.4% gain in July.
    • That will likely be driven by a further deterioration in commercial aircraft orders as the travel industry continues to reel from Covid-19, though some strength in orders of motor vehicles and parts could offset some of at weakness.
    • Excluding transportation orders, durable goods new orders likely rose 1.0% in August following a 2.6% increase in July.


MNI Washington Bureau | +1 202-371-2121 | brooke.migdon@marketnews.com
MNI Washington Bureau | +1 202-371-2121 | brooke.migdon@marketnews.com

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