Meanwhile, Markets are Roaring Back to Life! 21 August 2024
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Market Mood
This week, key market insights are expected from the release of the July FOMC meeting minutes and the Jackson Hole symposium, as investors speculate on whether the Federal Reserve will cut interest rates in September. The recent U.S. CPI data, showing easing inflationary pressures, has fueled optimism among U.S. equity investors about central bank policies potentially boosting market returns. Flash PMI data for August, due on Thursday, will provide an early indication of economic conditions, particularly in pricing, which could influence the Fed's upcoming policy decisions. Central bankers in the U.S. and Europe are closely monitoring whether rising cost pressures in July have resulted in higher selling prices, which could dampen hopes for rate cuts. Additionally, inflation data from the Eurozone and countries like Canada, Japan, Hong Kong, Singapore, and Malaysia will be watched closely, with particular focus on Japan and Canada following their recent contrasting monetary policy moves.