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2019/07/26 / Erste Group Research

Week ahead | What will FOMC tell markets?

Next week's meeting of the Federal Reserve's interest rate setting body (FOMC) will be the main focus of markets. In line with the majority of market participants, we expect a rate cut of 25 basis points. Fed Chairman Jerome Powell's statements in his reports to Congress clearly pointed in this direction. The data, on the other hand, speaks a different language.

At the ECB’s Governing Council meeting this week, further monetary easing in September was clearly indicated to markets. The Governing Council has made it clear that efforts to counter persistent low inflation, will be significantly increased. A number of measures were mentioned.

Next week a first flash estimate of Eurozone GDP growth in 2Q19 as well as the first flash estimate of Eurozone inflation for the month of July will be released.

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General information

AuthorErste Group Research
Date2019/07/26
Languageen
Product nameWeek ahead
Topic in focusMacro/ Fixed income
Economy in focusEurozone, United States
Currency in focusEuro, US Dollar
Sector in focus-
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