020 7898 0500With no major economic data releases from the US yesterday, the headlines were dominated by political events. First, Donald Trump called his Supreme Court nominee Brett Kavanaugh ‘a fine man with an unblemished record’ following New Yorker reports of fresh allegations of sexual misconduct. Second, there were conflicting reports over Deputy Attorney General, Rod Rosenstein.
Rosenstein was overseeing the investigation of Russian election interference and whether it was linked to Trump’s campaign, but it was reported that he was preparing to resign at the same time as it was suggested he was going to be sacked. Rosenstein has discussed secretly recording the president, which is the reason all of this has come about.
After what is a quiet start to the week for US economic data, it picks up on Wednesday, with new home sales for August and the Federal Reserve’s interest rate decision. It will also be interest to see what the Federal Open Market Committee economic projections are, as well as what is said in the Fed’s press conference.
