The week ahead – it’s debate time again, but with Trump vs Harris

Inflation will be in focus in the US this week, with the August consumer price index due on Wednesday.

The annual rate of increase fell below 3.0% for the first time in three years last month, and markets will be hoping for another moderation ahead of next week’s Federal Reserve meeting.

Markets are expecting the first Fed rate cut of this cycle, while they see a 30% likelihood of a larger 0.50% cut.

We’ll also be watching the second presidential debate, but the first between Donald Trump and Kamala Harris, which takes place on Tuesday in Philadelphia.

Here at home, the June quarter survey of manufacturing is out on Tuesday, which will help economists finalise their estimates for next week’s quarterly GDP release.

We’ll also get monthly migration figures and the latest housing market report from the Real Estate Institute.

Subscribe or follow for the latest insights, first

Market Insights enewsletter

Keep up to date with our fortnightly Market Insights enewsletter. Our research team provide timely and regular commentary and analysis on market developments, understanding investment jargon, and the impact of current events.

Subscribe Now