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Next Week's Outlook: The Federal Reserve Leads the "Super Central Bank Week", Powell Holds a Monetary Policy Press Conference

Next Week's Outlook: The Federal Reserve Leads the "Super Central Bank Week", Powell Holds a Monetary Policy Press Conference

Bitget2024/09/15 02:17

Earlier this week, following the release of the U.S. CPI report, the market almost unanimously believed that the Federal Reserve would cut rates by 25 basis points this month. However, the situation reversed rapidly starting Thursday. At that time, former New York Fed President William Dudley stated that the Fed had grounds to cut rates by 50 basis points next week. Additionally, both the Wall Street Journal's reporter, known as the "Fed whisperer," and the Financial Times reported that the Fed was facing a difficult decision between a 50 or 25 basis point rate cut. As a result, market bets on a larger rate cut next week have risen sharply to a "50-50" chance. Next week will feature several key events:

- Monday, 20:30**: U.S. September New York Fed Manufacturing Index
- Tuesday, 20:30**: U.S. August Retail Sales MoM
- Wednesday, 14:00**: U.K. August CPI MoM, U.K. August Retail Price Index MoM
- Thursday, 2:00**: Federal Reserve announces rate decision and economic projections
- Thursday, 2:30**: Fed Chair Jerome Powell holds a monetary policy press conference
- Thursday, 20:30**: U.S. initial jobless claims for the week ending September 14, U.S. September Philadelphia Fed Manufacturing Index
- Friday, 11:00**: Bank of Japan announces rate decision
- Friday, 14:30**: BOJ Governor Kazuo Ueda holds a monetary policy press conference.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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