Lockhart Sees a 2015 Hike
Atlanta Fed President Dennis Lockhart is due to make remarks at 6 p.m. Eastern. Lockhart, a rate voter this year, said Monday that he's "confident" there will be rate hike this year. The Fed funds futures market isn't as sure. Traders there had priced in a some 60% chance for a Fed rate hike in December on the day of the September meeting. By today, those odds are down to 44%. That's a big move in less than a week.China's Xi: First State Visit
China is in the news again, with President Xi Jinping writing in The Wall Street Journal about his country's willingness to advance a full slate of economic reforms. Global markets largely shrugged off this pledge, analyst notes issued this morning said, as traders want action and results over lip service. Xi, who is bound for his first state visit the U.S., defended the emergency government actions in currency and stock markets this summer but he urged patience. "Any ship, however large, may occasionally get unstable sailing on the high sea," he said.Oil: Price Volatility This Week
Industry analysts look for more give and take in the crude oil futures market as traders grapple with U.S. supply figures and uncertainty for China's thirst for oil. U.S. oil prices had surged 4.5% on Monday amid signs that low prices are starting to crimp the pace of oil production in the U.S. This week's numbers will be closely watched for more signs of supply adjustments. U.S.-traded crude is below $46 a barrel Tuesday. Good trading, JJ @TDAJJKinahan This piece was originally posted here by JJ Kinahan on September 22, 2015.Market volatility, volume, and system availability may delay account access and trade executions.
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