The wait is over; the much-anticipated Fed September Meeting is scheduled on Wednesday, the 21st of September. Let’s take a closer look.
But first, there’s the UK Public Sector Net Borrowing for August, which comes at 8:30. The budget surplus was somewhat smaller than anticipated in July, and August tends to bring a notable deficit.
Canadian Wholesale Trade for July follows at 12:30 PM GMT. June data surprised on the downside, following a very strong 1.9% gain a month ago.
So the Fed will release its latest Monetary Policy Statement on 6, and it will be followed by a press briefing. The big question, of course, is whether this meeting will bring an interest rate hike. The markets price in a 20% chance, but keep in mind the Fed has repeatedly stressed this is a live meeting.
And there’s actually another Monetary Policy Statement coming at 9, this time from the Reserve Bank of New Zealand. It is a high importance release for all the Kiwi Dollar traders, although the policy makers did already cut the interest rate the previous month and no changes are expected this time around.
I’m Jessica Walker and this was the Economic Calendar for Wednesday.
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