Fed policymakers Lael Brainard, John Williams and Neel Kashkari are all due to speak today. All err more on the dovish side typically so it will be interesting to hear their views on the recent trends and whether they support the plan to taper this year.
Negotiations between Olaf Scholz and the Greens and Free Democrats will be far from straightforward, particularly the latter, and with CDU head Armin Laschet seemingly not giving up hope of leading an alternative coalition, pressure will be heightened. The hard work begins now and in the interim, Angela Merkel will remain at the wheel.
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