Expected economic events that will affect the markets next week
According to BlockBeats, several important economic events are expected to impact markets next week. Federal Reserve officials are scheduled to deliver several speeches, and key data releases are expected to provide insights into the economic outlook.
On Monday at 21:15, Federal Reserve Governor Christopher Waller will deliver the opening remarks at a summer symposium on currency, banking, payments, and finance. This will be followed by remarks by Raphael Boucek, a 2024 FOMC voting member and president of the Federal Reserve Bank of Atlanta, on Wednesday at 1:35.
The Federal Reserve will release the minutes of its monetary policy meeting on Thursday at 2:00 p.m. In addition, the annual Jackson Hole Global Central Banking Symposium will begin on Thursday, which will conclude with a speech by Fed Chairman Jerome Powell on Friday at 22:00, where he will discuss the economic outlook.
Furthermore, the S&P Global Purchasing Managers’ Index (PMI) for August in the US will be released on Thursday evening. If the data shows unexpected weakness, it could intensify concerns about a possible recession in the US. This could prompt traders to increase their bets on further aggressive rate cuts by the Federal Reserve during the year, which could weigh on the US dollar.
