Weekly Market Outlook
WEEKLY MARKET OUTLOOK
September 30th - October 4th
Last week, the U.S. dollar experienced choppy movements within an oscillating channel, mainly because the market is still digesting the recent unexpected rate cut from the Fed before determining the overall direction.
This Week to Watch:
- TUE: Eurozone CPI Data
- THU: Switzerland CPI Data
- FRI: US NFP Data
"WILL EUROZONE CPI DATA LEAD TO FURTHER ECB RATE CUTS?
The European Central Bank risks driving inflation below its 2% target by cutting rates too cautiously, which could harm the fragile Eurozone economy. If the upcoming CPI data meets or falls short of expectations, another rate cut may be on the table."
SWISS NATIONAL BANK CALLS FOR ECONOMIC STIMULUS
Last week, the Swiss National Bank lowered its policy rate by 25 basis points, citing a significant decline in inflationary pressure. As a result, the bank is advocating measures to stimulate the economy and lift the inflation rate.
FEDERAL RESERVE SHOWS CONFIDENCE IN THE LABOR MARKET
The Federal Reserve's recent rate cut demonstrates its growing confidence that with the right policy adjustments, the robust labor market can be maintained while ensuring moderate economic growth and inflation continues to move steadily toward the target.
