Summary: RBA rate decision, Fed Chair Powell speech, U.S. PCE inflation data expected this week.

From Google: 2024-09-23 18:46:44

The Reserve Bank of Australia is set to announce its interest rate decision this week. Analysts are predicting that the rates will remain unchanged at 0.1%. This decision comes as the central bank continues to support the economy through monetary policy measures.

Federal Reserve Chair Jerome Powell is scheduled to give a speech this week. Investors will be closely watching for any hints on the central bank’s future monetary policy decisions. Powell’s comments may provide insights into the Fed’s stance on inflation, employment, and economic recovery.

The U.S. Personal Consumption Expenditures (PCE) inflation data will be released this week. The PCE index is the Fed’s preferred measure of inflation. Economists are expecting a 0.6% increase in the core PCE index, excluding food and energy prices. This data will be closely monitored for signs of rising inflation pressures.



Read more at Google: RBA rate decision, Fed Chair Powell speech, U.S. PCE Inflation: Macro Week Ahead – tastylive