Rates Hinge on Fed Decision as Markets Await Inflation Data
The upcoming week is expected to be pivotal for markets as several key events unfold. The US Federal Reserve's interest rate decision will be closely watched, with some speculating that Kevin Warsh may defy inflation data and prioritize White House wishes.
The Bank of England (BoE) and the Bank of Japan (BoJ) are also set to announce their latest interest-rate decisions, with the BoE potentially leaving rates on hold and the BoJ widely expected to raise the short-term policy rate by 25 basis points.
In other economic news, inflation data from Japan is expected to show a slight increase in the annual inflation rate from 2% in July to 2.1% in August, while Malaysia's inflation rate may remain unchanged at 1.8%. India's inflation rate could rise to 4.7% in August from 4.45% previously.
In China, the housing market is expected to show continued pressure, with a 3.1% annual decline in property prices in August, marking the 37th consecutive month of declines. However, this decline may be slowing. The unemployment rate in China could remain unchanged at 5.2% in August.