There’s no question about it, September is a big month. Central bankers run amok will be the main theme, representing all kinds of tail risk for rates and FX. Will we see a dramatic policy divergence via more accommodation from Draghi, a material change in BoJ policy, and a second consecutive BoE cut in the wake of Brexit all followed by a Fed hike? Or will everyone hold their fire in order to wait on more “data”?
Below find UBS’ full September event preview with predictions: