The Week Ahead: US Fed, Bank of England and Bank of Japan
The whole world will find out next week whether The White House has got its way with the US Federal Reserve. The US central bank is widely expected to give in to the childish name-calling by cutting interest rates by a 0.25% to 2%.
There are also interest rate decisions from the Bank of Japan, which doesn’t have much room to cut, and the Bank of England, which has been left high-and-dry by a directionless UK parliament. Meanwhile, Bank Indonesia could leave interest rates unchanged after it unexpectedly cut rates in August.
China will release retail sales numbers for August. They are expected to show a pickup in growth from the previous month. In July, sales growth slowed for garments, cosmetics and home appliances. But there was growth in personal care and office supplies.
Singapore will report inflation numbers for August. Consumer price rises are expected to be only modest. Core inflation could have increased 0.7%, while headline inflation could have gone up 0.6%.