With a Fed dependent on data and elections looming on the markets, the next market sessions will be marked by the publication of the new CPI figures published in the United Stateswhich will evaluate the evolution of prices in the month of September in the North American country.
And, despite the fact that the central entity urged to focus more on the labor market as a thermometer of the country’s economy and touchstone When making decisions about interest rates, prices continue to be closely watched by investors and analysts.
Furthermore, the markets will await planned statements from the President of the German Central Bank, Joachim Nagel and several members of the Federal Open Market Committee of the Fed (Kashkari and Bostic, among others), who will give their opinion on the savings and the need or not to cause a pause in the rate reduction cycle that has just begun.
“Monetary easing in the world’s largest economy, the United States, and expected fiscal stimulus in the second-largest economy, China, appear to support positive investor expectations, at least for the moment,” explains Stefan Rondorf from Allianz Global Investor.
“This week we changed our ECB forecast. We now expect consecutive cuts starting in October, so that the deposit rate reaches 2% in June 2025 and ends the year at 1.5%. Accelerated reductions have been “part of our basis for a long time”. . Rubén Segura-Cayuela, chief economist for Europe at Bank of America.
