Global markets are entering a central bank-heavy week, with monetary policy decisions and regulatory events landing in quick succession.
The Federal Open Market Committee is scheduled to release its interest rate decision and Summary of Economic Projections at 2 a.m. Beijing time on Thursday. Fed Chair Walsh will then hold a monetary policy press conference. The Bank of England and the Bank of Japan are also set to publish their policy decisions on Thursday and Friday.
Senate vote and SEC roundtable land on Tuesday
Alongside the central bank agenda, the U.S. Senate is set to hold a key procedural vote on Tuesday local time on the Cryptocurrency Market Structure Act, also referred to as the CLARITY Act. The U.S. Securities and Exchange Commission will hold a roundtable the same day to discuss 24-hour trading.
Key events for the week
Tuesday
- Key procedural vote on the Cryptocurrency Market Structure Act, or CLARITY Act
- U.S. weekly ADP employment change for the week ended Aug. 29
- U.S. New York Fed manufacturing index for September
Wednesday
- U.S. API crude oil inventories for the week ended Sept. 11
- U.S. August retail sales month-over-month
- U.S. August import price index month-over-month
- U.S. NAHB housing market index for September
- U.S. July business inventories month-over-month
- U.S. EIA crude oil inventories for the week ended Sept. 11
Thursday
- FOMC interest rate decision and Summary of Economic Projections at 2 a.m. Beijing time on Thursday
- Monetary policy press conference by Fed Chair Walsh
- U.S. initial jobless claims for the week ended Sept. 12
- Bank of England rate decision and meeting minutes
- SEC roundtable on 24-hour trading
Friday
- Bank of Japan rate decision
- Monetary policy press conference by Bank of Japan Governor Kazuo Ueda