Weekly Macro Outlook: Fed Rate Decision Looms, CLARITY Act Faces Key Vote, BOJ and BOE Take the Stage

BlockBeats news, September 13 — Next week, global markets enter a central bank super week. The Federal Reserve's FOMC will announce its interest rate decision and summary of economic projections at 2 AM Beijing time on Thursday, with Chair Warsh subsequently holding a monetary policy press conference; the Bank of England and the Bank of Japan will also announce their decisions on Thursday and Friday, respectively. Meanwhile, the U.S. Senate will hold a key procedural vote on the CLARITY Act on Tuesday local time, and the SEC will hold a roundtable meeting the same day to discuss 24-hour trading. Key events are as follows:

Tuesday:

The Crypto Market Structure Act (i.e., the CLARITY Act) undergoes a key procedural vote;

U.S. ADP employment weekly change for the week ending August 29;

U.S. September New York Fed manufacturing index;

Wednesday:

U.S. API crude oil inventories for the week ending September 11;

U.S. August retail sales month-over-month, U.S. August import price index month-over-month, U.S. September NAHB housing market index;

U.S. July business inventories month-over-month, U.S. EIA crude oil inventories for the week ending September 11;

Thursday:

The Federal Reserve FOMC announces its interest rate decision (2 AM Beijing time Thursday) and summary of economic projections, and the Fed Chair holds a monetary policy press conference;

U.S. initial jobless claims for the week ending September 12;

The Bank of England announces its interest rate decision and meeting minutes;

The U.S. Securities and Exchange Commission (SEC) holds a roundtable meeting to discuss 24-hour trading;

Friday:

The Bank of Japan announces its interest rate decision, and Bank of Japan Governor Ueda Kazuo holds a monetary policy press conference.