This week's macro outlook: Fed to announce interest rate decision on Thursday, CLARITY Act faces key vote

BlockBeats news, September 14 — Global markets enter a central bank super week this week. The Federal Reserve's FOMC will release 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 on the same day to discuss 24-hour trading. Key events are as follows:

Tuesday:

Key procedural vote on the Crypto Market Structure Act (i.e., the CLARITY Act);

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:

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

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

Bank of England releases interest rate decision and meeting minutes;

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

Friday:

Bank of Japan releases interest rate decision, BOJ Governor Ueda Kazuo holds monetary policy press conference.