The plethora of Fedspeak continues with Williams and Clarida among the scheduled speakers over the coming week. ECB officials will also be in focus with ECB President Lagarde due to speak at the European Parliament and chief economist Lane and others speaking at online events.
In EM, the RBI meeting on Thursday is the key monetary policy event. Economists expect rates will be left on hold once again given inflation in India remains above target. The Philippines’ central bank is also expected to leave rates on hold.
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Monetary Policy
The plethora of Fedspeak continues with Williams and Clarida among the scheduled speakers over the coming week. ECB officials will also be in focus with ECB President Lagarde due to speak at the European Parliament and chief economist Lane and others speaking at online events.
In EM, the RBI meeting on Thursday is the key monetary policy event. Economists expect rates will be left on hold once again given inflation in India remains above target. The Philippines’ central bank is also expected to leave rates on hold.
Data
The US labour market will be in focus with payrolls expected to drop back from the 1.4mn in August. Consumer confidence and PCE data are also scheduled. In Europe flash CPI readings will be closely watched after the surprising low reading for August. PMI data across EM and DM should confirm the divergence between manufacturing and services sectors seen in the flash readings released earlier this month. CPI in South Africa and Indonesia, export data in South Korea and IP and budget data in Brazil are among the data highlights in EM.
Events
The first presidential TV debate between Trump and Biden takes place on Tuesday.
Bilal Hafeez is the CEO and Editor of Macro Hive. He spent over twenty years doing research at big banks – JPMorgan, Deutsche Bank, and Nomura, where he had various “Global Head” roles and did FX, rates and cross-markets research.
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