The Daily Shot Brief – September 17th, 2020



United States: The FOMC now expects rates to stay near zero through 2023. Here is the dot plot.

Source: @TheTerminal, Bloomberg Finance L.P.

Even without the changes to inflation targeting, historical data suggest that the next rate hike is a long way off.

Source: Piper Sandler


Eurozone: The euro is weaker after the Fed’s decision.

Source: The Daily Shot


China: The renminbi also weakened vs. USD in response to the Fed’s policy announcement.

Source: The Daily Shot

However, the bond yield differential with the US points to further strength in China’s currency.

Source: ANZ Research


Energy: US crude oil inventories were lower than expected last week, boosting oil prices.

Source: The Daily Shot

Energy shares outperformed.

Source: The Daily Shot


Equities: What are the macro catalysts for US equities going forward?



Food For Thought: Highest-paid female athletes:

Source: Statista

Edited by Daniel Moskovits

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