Events to focus on this week
The interest rate cut channel on the 19th is open, whether it is 25 basis points or 50 basis points. For the market, it is the beginning of this round of water release cycle, which means long-term and continuous benefits on the capital side.
At 14:00 on Wednesday, the UK August CPI monthly rate and the UK August Retail Price Index monthly rate;
At 2:00 on Thursday, the Federal Reserve announced the interest rate decision and economic expectations summary;
At 2:30 on Thursday, Federal Reserve Chairman Powell held a monetary policy press conference;
At 20:30 on Thursday, the number of initial jobless claims in the United States for the week ending September 14 and the Philadelphia Fed Manufacturing Index in September;
At 11:00 on Friday, the Bank of Japan announced the interest rate decision;
At 14:30 on Friday, Bank of Japan Governor Kazuo Ueda held a monetary policy press conference.
The probability of the Federal Reserve cutting interest rates by 25 basis points and 50 basis points in September is 50%.
Judging from the market reaction, a 50 basis point interest rate cut is quite welcome. But we still need to observe further whether the Fed will cut interest rates by 50 basis points.
