Riskoff as Virus Concerns Dominate over Vaccine Hopes

Note The table above is updated before publication with the latest consensus forecasts. However, the text charts are prepared ahead of time. Therefore there can be discrepancies between the forecasts given in the table above and in the text charts.

Rates as of 0500 GMT

Election update

The NYT said a group of officials working with a Department of Homeland Security agency declared flatly that the election was the most secure in the nations history. At this point I dont think theres any more need to worry about Trump trying to pull off a coup. It is concerning though how many people hes fired in the Department of Defense and the security agencies. It seems hes determined to cause as much damage as possible to the US government before being dragged out of the Oval Office with his fingernails still digging in. But that has nothing to do with FX so I wont go into it in detail, no matter how much it rankles me.

News flash the White House is abandoning stimulus talks and leaving it up to Senate Majority Leader McConnell Y.S. to revive negotiations, according to press reports. Bet you didnt even know they were thinking about it anymore. Me neither. I thought these talks were dead a long time ago. This hardly comes as a surprise as Trump hasnt been seen in public for several days. Reports are that he just sits around calling friends and tweeting. PresidentElect Biden has spoken of the urgent need for a bipartisan stimulus package, and Fed Chair Powell yesterday repeated his…

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