The financial markets will be exceptionally busy this week, with the US Federal Reserve (Fed) taking centre stage.
The financial markets will be exceptionally busy this week, with the US Federal Reserve taking centre stage. The Bank of England and the Bank of Japan will also claim a portion of the spotlight. On the data front, a handful of inflation metrics from Australia, the eurozone, and Switzerland are on the docket. Stateside also welcomes a slew of labour data, including the US Employment Situation Report.
September on the table? The US Federal Open Market Committee announces its latest rate decision on Wednesday at 6:00 pm GMT. According to market pricing, a rate reduction at this week’s meeting is unlikely, leaving the Fed funds target rate on hold for an eighth consecutive meeting at 5.25%-5.50%, the highest level in 23 years. However, markets are now pricing in nearly three rate cuts this year.
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