The United States will publish CPI and core CPI on September 11, at 15:30 MT time.
Will the Fed cut its rate?
The Federal Open Market Committee will release its statement and announce the interest rate on July 31, at 21:00 MT time. After that, the Fed Chair Jerome Powell will hold a press conference at 21:30 MT time.
The market is awaiting the rate cut. Analysts bet that the cut from 2.5% to 2.25% has a high possibility to happen. During the testimony earlier this month, Mr. Powell hinted that easing is needed to support the current economic conditions of the US. According to him, they may be affected by the worsening global economic outlook and trade tensions. The US dollar weakened after his words. Let’s see if the head of the Federal Reserve surprises the market.
• If the Fed cut the rate, the USD will weaken;
• If the Fed does not cut the rate, the USD will strengthen.
Canada will publish the monthly GDP growth on October 30 at 14:30 MT time.
The European Central Bank publishes the monetary policy statement alongside with an update on the interest rate on October 29, at 15:45 MT time.
The Bank of Canada will publish the rate statement together with the interest rate on October 28, at 17:00 MT time.