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Romania's central bank has decided at its board meeting on Wednesday (October 5, 2023) to keep its benchmark interest rate on hold at 7% a year.

It will be a busy week filled with a wide range of economic releases, with the focus falling on the consumer and the Fed’s preferred inflation gauge.  August personal income is expected to rise given the strong labor market while spending cooled given the end of summer vacations.  The bond market will pay extremely close attention to the next round of inflation readings.  Headline PCE will likely heat up given the surge in energy prices, while the core reading should maintain the 0.2% monthly pace.

The Bank of England (BoE) has brought the most aggressive cycle of interest-rate rises in more than three decades to a close amid falling inflation an

US It will be a busy week filled with a wide range of economic releases, with the focus falling on the consumer and the Fed’s preferred inflation gauge. 

The main event of the week will be the September FOMC meeting. Powell and Co. are expected to keep rates steady but may still signal one more rate increase is coming.  Too many upside surprises with service/jobs/consumer readings will keep the Fed upbeat on the economy, forcing them to revise up their GDP forecasts and to price in one more rate hike.