It will be the hottest week of September, with four central banks’ meetings, five PMI releases, and a lot to trade.
|The US Federal Reserve is not expected to change the federal funds rate at November meeting. Market players are looking forward to a rate hike in December, and this time there will be no press conference of the central bank to announce headline decisions.|
|Never the less, the Fed will publish a statement at 20:00 MT time on November 1, which may contain hints on its further actions after December. Traders will await the release and it will have a significant impact on the USD.|
Lagarde says difficult times have come, and the ECB raised the rate not to cause a recession but to stabilize prices. Read the report to learn the freshest news of the day!
ECB is ready to take the decision about the key rate. What to expect from officials? Oil prices are high, and economy indicators demonstrate the slowing down in the strongest European economies.
Oil prices are rising and Russia banned the export of its petrol. What's happening in the markets?
Today's main event for the markets is the FOMC Interest Rate Decision, where the US regulator is widely expected to keep the interest rate at the same level of 5.5%.
In today's market insights, we delve into Citibank's oil price predictions, the evolving competition between Huawei and Apple, the Saudi Arabia-Tesla partnership, and the upcoming rate decisions from the world's major central banks.