Economics Weekly:18Sep –Post-Fed hangover

Markets will be absorbing the latest news from the Fed, following the 16-17 September FOMC meeting. Several Fed governors will give speeches in the coming days, which should help to smooth any post-FOMC market volatility; the focus will be on Chair Janet Yellen on 24 September. Investors will be looking for further clarification of the post-meeting statement. US data is thin on the ground: durable goods orders may indicate whether global headwinds are affecting US manufacturing (currently a weak spot in the US growth story).