- Fed Chair Powell (a lawyer, not an economist) read some prepared remarks before the US Senate yesterday. The message of « patience » was stressed, with some rather unremarkable comments on the labor market. Fed Chair Powell will read some prepared remarks before the US House of Representatives today.
- Tensions between India and Pakistan have escalated in Kashmir.
- For those who are watching the interminably tedious EU-UK divorce, and who are still awake, the options are now: government deal; no deal; delay with a no-deal option.
- Weidmann of the ECB and Bundesbank is speaking, which will give a sense of the strength of the ECB hawkish faction.
- The US is offering December inventory data. Normally this would be of little or no interest to markets, but retail inventories may give some additional information about the dubious quality of December retail sales data.
[Reuters] Asia shares inch up, dollar near three-week low after Powell comments
[Reuters] Dollar on defensive after Fed comments, sterling advance
[Reuters] U.S.-China trade: tariff and non-tariff barriers
[Reuters] Fed’s Powell predicts solid but slower growth in 2019