{"id":516593,"date":"2025-10-21T09:02:14","date_gmt":"2025-10-21T09:02:14","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/516593\/"},"modified":"2025-10-21T09:02:14","modified_gmt":"2025-10-21T09:02:14","slug":"what-are-the-main-events-for-today","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/516593\/","title":{"rendered":"What are the main events for today?"},"content":{"rendered":"<p data-v-4026719d=\"\">In the European session, we don&#8217;t have anything on the agenda other than a couple of ECB speakers that are going to repeat the same old stuff anyway. <\/p>\n<p data-v-4026719d=\"\">In the American session, the main highlight will be the Canadian CPI report. The CPI Y\/Y is expected at 2.3% vs 1.9% prior, while the M\/M figure is seen at 0.0% vs -0.1% prior. The underlying inflation measure, the CPI Trimmed Mean Y\/Y, is expected at 3.0% vs 3.0% prior (it&#8217;s been hovering around 3% since February 2025). <\/p>\n<p data-v-4026719d=\"\">BoC Governor Macklem spoke last week and he delivered a couple of dovish comments that suggested a rate cut in October was coming. The market increased the probabilities from 68% to 86% now. By the end of 2026 the market expects one more rate cut bringing the terminal rate to 2.00%, which would be below the lower bound of the BoC&#8217;s estimated neutral range (2.25%-3.25%). <\/p>\n<p data-v-4026719d=\"\">We recently got a strong Canadian employment report, so an upside surprised in the CPI might trigger some hawkish repricing.<\/p>\n<p>Central bank speakers:<\/p>\n<ul data-v-4026719d=\"\">\n<li data-v-4026719d=\"\">07:00 GMT\/03:00 ET &#8211; ECB President Lagarde (neutral &#8211; voter)<\/li>\n<li data-v-4026719d=\"\">09:30 GMT\/05:30 ET &#8211; ECB&#8217;s Escriva (neutral &#8211; voter)<\/li>\n<li data-v-4026719d=\"\">13:00 GMT\/09:00 ET &#8211; Fed&#8217;s Waller (dove &#8211; voter)<\/li>\n<li data-v-4026719d=\"\">19:30 GMT\/15:30 ET &#8211; Fed&#8217;s Waller (dove &#8211; voter)<\/li>\n<\/ul>\n<p data-v-4026719d=\"\">*the FOMC is in blackout period, so don&#8217;t expect monetary policy comments<\/p>\n","protected":false},"excerpt":{"rendered":"In the European session, we don&#8217;t have anything on the agenda other than a couple of ECB speakers&hellip;\n","protected":false},"author":2,"featured_media":415210,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3090],"tags":[51,1700,16,15],"class_list":{"0":"post-516593","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-uk","11":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115411349946737035","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/516593","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=516593"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/516593\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/415210"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=516593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=516593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=516593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}