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The Fed and the Bank of England came on stage one after another,
creating 2 explosive news in 24 hours?
Even if the Fed chooses to cut interest rates sharply,
it will not prevent the Bank of England from keeping interest rates unchanged this week.
Traders are preparing for the monetary policy decisions of the Fed and the Bank of England.
The market expects that the Fed will cut interest rates by 50 basis points this week with a probability of more than 60%, which will be the first rate cut in more than four years.
The annual rate of CPI in the UK in August was the same as that in July, and the money market's pricing for the Bank of England's rate cut on Thursday fell but was still higher than last week.
UK overall inflation is close to the target, but service industry inflation is still high.
Economists said that the Fed's sharp rate cut may not affect the Bank of England's decision this week, but may have an impact on its risk management considerations.
But it is too early to cut interest rates sharply now. Cutting interest rates too quickly may force the central bank to raise interest rates next year and damage its credibility.
The Bank of England cut interest rates in August, and the differences in the August meeting have left the market in doubt. Capital Economics believes that Wednesday's CPI data will reinforce the Bank of England's expectations of keeping its policy unchanged in September, pointing to a possible rate cut in November.
