Week ahead in forex (27-1st/10/2021
An action-packed week lies ahead. Elections in Germany will be crucial for Eurozone’s spending agenda, while Japan’s ruling party will also select its new leader. Meanwhile in China, the Evergrande fallout is unlikely to spiral out of control, but the upcoming PMIs will tell us whether it has already started to infect economic growth. There’s also a heavy dose of data releases from the major economies and a rare meeting of the G4 central bank governors.
Fed says ‘all systems go’
The Fed meeting this week did not disappoint. Chairman Powell essentially signaled that the tapering process will begin in November absent a catastrophe, while the new interest rate projections showed the FOMC is now split evenly on whether interest rates will be raised next year. He also downplayed the impact of Evergrande and spillover risks to America.
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