The coming week promises to be pivotal for global market trends, particularly concerning interest rates. Key figures from central banks are scheduled to participate in the Federal Reserve's Jackson Hole Symposium, including Fed Chair Jerome Powell. His comments are anticipated to shed light on the current economic situation in the United States and address the White House's appeals for rate reductions. Attention will also focus on the release of minutes from the latest Federal Open Market Committee (FOMC) meeting, offering insights into the dissenting opinions of members such as Waller and Bowman, who are expected to speak throughout the week.
Furthermore, the housing sector will be under scrutiny with the release of data on NAHB housing prices, building starts, as well as new and existing home sales. On the global economic stage, purchasing managers' indices (PMIs) from the United States, Eurozone, United Kingdom, Japan, Australia, and India will provide a comprehensive overview of manufacturing and services activity. Important price data will also be reported from the United Kingdom, Canada, Japan, and South Africa. Additionally, monetary policy decisions are anticipated from major economies including China, Sweden, New Zealand, and Indonesia, further contributing to the week's economic narrative.
