Macro Outlook Next Week: The Fed's interest rate cut cycle is about to restart, and the dot chart will become a new market game point

According to BlockBeats, a moderate CPI and PPI inflation report, along with a surge in initial jobless claims, paved the way for the Fed to cut at least 25 basis points in its September meeting on September 13. Concerns about the labor market and prices have led to a new low in the U.S. consumer confidence index, with long-term inflation expectations rising for two consecutive months. The Fed will hold a policy meeting next week. A 25 basis points rate cut is unlikely to trigger market volatility by itself. If this is true, market participants may quickly turn their attention to Fed Chairman Powell’s press conference and the latest summary of economic forecasts (SEP), especially the new “dot map.” The following are the key points that the market will focus on in the new week (all Beijing time): at 21:45 on Wednesday, the Bank of Canada announced its interest rate resolution; at 2:00 on Thursday, the Federal Reserve FOMC announced its interest rate resolution and economic expectations summary; at 2:30 on Thursday, Federal Reserve Chairman Powell held a monetary policy press conference; at 19:00 on Thursday, the Bank of England released its interest rate resolution and meeting minutes; on Friday, the Bank of Japan announced its interest rate resolution; at 14:30 on Friday, the Bank of Japan Governor Kazuo Ueda held a monetary policy press conference.