⚡️Next week’s macro outlook: Trump’s Middle East “big decision” is approaching; the yen intervention window is nearing; the market is digesting the lingering effects of the Fed’s rate hikes this week
Next week, global markets will digest the aftershocks of the Fed’s first rate hike since 2023 this week, and reprice a “higher for longer” interest-rate path. Geopolitically, Trump plans to meet Gulf countries during the UN General Assembly and is set to make a “major decision” on whether to escalate its approach to attacks on Iran. In Saudi Arabia, the capital sounded air-raid alerts again after months, with oil-market risk premium and actual supply repairs tugging against each other. Japan, meanwhile, enters “Silver Week” with a long holiday, where liquidity is thin and the yen remains under pressure, causing expectations for policy intervention to heat up. Key events are as follows:
Tuesday: Trump meets Persian Gulf nations during the UN General Assembly in New York and makes a “major decision” on its approach to Iran; the U.S. Treasury auctions $69 billion in two-year Treasury notes; New York Fed President Williams and Fed Vice Chair Jefferson deliver remarks.
Wednesday: The U.S. Treasury auctions $70 billion in five-year Treasury notes; Richmond Fed President Barkin delivers remarks.
Thursday: The U.S. Treasury auctions $44 billion in seven-year Treasury notes; the European Central Bank releases an economic bulletin; New York Fed President Williams, Richmond Fed President Barkin, Cleveland Fed President Mester, and Philadelphia Fed President Plosser give frequent remarks.
Friday: Final reading of the University of Michigan consumer sentiment index for September, and the final value of one-year inflation expectations; New York Fed President Williams delivers remarks again.
#btc #macro #trading #fed #fomc
Next week, global markets will digest the aftershocks of the Fed’s first rate hike since 2023 this week, and reprice a “higher for longer” interest-rate path. Geopolitically, Trump plans to meet Gulf countries during the UN General Assembly and is set to make a “major decision” on whether to escalate its approach to attacks on Iran. In Saudi Arabia, the capital sounded air-raid alerts again after months, with oil-market risk premium and actual supply repairs tugging against each other. Japan, meanwhile, enters “Silver Week” with a long holiday, where liquidity is thin and the yen remains under pressure, causing expectations for policy intervention to heat up. Key events are as follows:
Tuesday: Trump meets Persian Gulf nations during the UN General Assembly in New York and makes a “major decision” on its approach to Iran; the U.S. Treasury auctions $69 billion in two-year Treasury notes; New York Fed President Williams and Fed Vice Chair Jefferson deliver remarks.
Wednesday: The U.S. Treasury auctions $70 billion in five-year Treasury notes; Richmond Fed President Barkin delivers remarks.
Thursday: The U.S. Treasury auctions $44 billion in seven-year Treasury notes; the European Central Bank releases an economic bulletin; New York Fed President Williams, Richmond Fed President Barkin, Cleveland Fed President Mester, and Philadelphia Fed President Plosser give frequent remarks.
Friday: Final reading of the University of Michigan consumer sentiment index for September, and the final value of one-year inflation expectations; New York Fed President Williams delivers remarks again.
#btc #macro #trading #fed #fomc