Fed Holds Steady as Economic Data Takes Center Stage

The upcoming week will be dominated by key economic data releases and central bank interest rate decisions. On Wednesday, the Federal Reserve is expected to hold its interest rate at 3.75%, with a 32% probability of a rate increase.

The European Central Bank's GDP growth forecast for the second quarter is projected to rise from 0.3% to 0.4%, which may provide short-term support for the Euro against major currencies.

In the US, the core PCE index is expected to decline by 0.1% in June, while the advance GDP growth data for Q2 2026 is forecasted to remain unchanged at 2.1%.