Weekly Outlook: Nobel Prize and More Fed News

The week kicked off with the early morning news of two new winners of the Nobel Prize in Economic Sciences. We profiled one of them, Bengt Holmstrom, back in 2013, when he won the CME Group/MSRI prize, an award that has now gone to four Nobel winners.  In other news, the Fed releases its latest FOMC minutes Wednesday, and market participants will also be watching Fed Chair Janet Yellen’s latest remarks on Friday.

 

 

Economic Calendar

Tuesday

NFIB Small Business Optimism Index 06:00 AM ET

Wednesday

Bank Reserve Settlement 08:00 AM ET

JOLTS 10:00 AM ET

FOMC Minutes 02:00 PM ET

Thursday

Import and Export Prices 08:30 AM ET

Philadelphia Federal Reserve Bank President Patrick Harker Speech 12:15 PM ET

Friday

Boston Federal Reserve Bank President Eric Rosengren Speech 08:30 AM ET

Federal Reserve Chairman Janet Yellen Speech 12:30 PM ET

Links

Iran Signs New Model Oil Deal as It Vows to Pump More (Wall Street Journal)

Iran, OPEC’s Big Winner, Agrees on Landmark Oil Contract (Bloomberg)

Soybeans Are Fueling U.S. Economic Growth (But Not for Long) (Wall Street Journal)

How technology is bringing a new breed of trader (Financial News)

Bengt Holmstrom and Oliver Hart win economics Nobel for work on contract design (New York Times)

Look back: Why Holmstrom is an economist you should know (OpenMarkets)

What will the market do following the November election? (CNBC)

 

 

 

 

OpenMarkets is an online magazine and blog focused on global markets and economic trends. It combines feature articles, news briefs and videos with contributions from leaders in business, finance, economics and politics in an interactive forum designed to foster conversation around the issues and ideas shaping our industry.

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