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Opinion
John Authers

Four Big Market Things to Know That Aren’t the Fed

From China’s flabby currency and Italy’s right-wing fever to Sweden’s 1% shock and Dr. Copper’s confidence show.  

Italy’s right-wingers look headed for a landslide victory that international markets don’t want.

Italy’s right-wingers look headed for a landslide victory that international markets don’t want.

Photographer: Francesca Volpi/Bloomberg

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Within hours of this newsletter publishing, the Federal Reserve will have told us how much it is raising interest rates and probably provided a much clearer steer of how long it expects to keep rates high. It could be momentously important, and it follows Tuesday’s selloff for the ages in the bond market. It’s very unusual for such a move so soon before a big Federal Open Market Committee meeting.