• Most of the main central banks are no longer providing explicit forward guidance on rates...
• However, this means that markets are now more reactive to macro newsflow and inter-meeting comments from central bankers, as they try to ascertain the size of upcoming rate hikes...
• The Fed is widely expected to announce its third consecutive 75bps rate increase this coming Wednesday...
• The last set of projections were published in June and showed the Fed anticipating rates getting to 3.25-3.5% by the end of this year and peaking at 3.75-4% next year..
• Meanwhile, the Bank of England will also be under the monetary policy spotlight this week...
• Data-wise, the flash PMIs for September in the US, Eurozone and UK will be the highlight...

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