European Rates and Economics Daily

RBC's daily update notes Fed officials favoring a pause in rate cuts and previews the upcoming US labor report where they expect 63k new jobs. The report also tracks EU-US trade negotiations and Chinese inflation data.

Key Takeaways

• 1.Fed officials Hammack and Logan suggest a patient approach, likely holding interest rates steady unless the labor market cools significantly.
• 2.The European Parliament is advancing a US trade deal with a sunset clause aimed at forcing a reduction in US steel and aluminum tariffs by March 2028.
• 3.RBC Economics forecasts a moderate US Nonfarm Payrolls increase of 63k for January, slightly above breakeven levels.

Table of Contents

• Overnight news
• Data and events
• RBC RV Quadrant
• Sales Literature and Market Commentary Disclaimer
• Sales Note Disclosures Under the Market Abuse Regime

Document Preview

Page 1 of 5

Subscribe for full accessStart Free Trial