Another week and more disappointment for market participants eyeing rate cuts from the Federal Reserve. A slow start to the week with a lot of rangebound price action through to Thursday afternoons CPI release.
As the US election draws closer one wonders whether we may start seeing some reaction as polls begin coming through thick and fast. For now though, the week ahead is stacked with key data releases, while the cloud of tensions in the Middle East continues to keep market participants in some sectors on edge.The week ahead sees a host of CPI releases from China, Canada, New Zealand and the United Kingdom.
The August employment report and September retail sales will be released on Tuesday and Friday. Investors will be looking to see if wage growth slowed down and whether consumers continued to spend last month.