G20 Meeting Looms as Central Banks Prepare for September Action
Markets are gearing up for a busy week after a brief lull over the summer. The G20 gathering in North Carolina's Blue Ridge Mountains is one of several key events on the horizon, with investors watching for signs of central bank action.
The absence of Bank of Japan Governor Kazuo Ueda from Jackson Hole has already drawn attention to the G20 meeting, where he is expected to attend alongside Japan's finance minister. This comes as geopolitics, elections, and interest-rate decisions create choppy waters in global markets.
Next week will also see the Fed and BOJ September meetings take center stage, with investors closely watching for any signs of policy changes. The US Treasury market is another source of potential volatility, particularly if traders test Secretary Scott Bessent's resolve to limit a rise in borrowing costs.
The US jobs report on Friday will be another key indicator, with expectations that employment climbed by 45,000 jobs in August. Meanwhile, the Reserve Bank of New Zealand (RBNZ) is expected to hike interest rates to 2.75% on Wednesday, while the Bank of Canada is seen keeping rates on hold.