US Federal Reserve wait on CPI, PPI as markets brace for data-packed week

Every trader is locked in right now, and every desk is ￰0￱ final inflation prints before the Fed’s September meeting are coming, and they’re coming in ￰1￱ week is ￰2￱ got six big U. S. releases, political drama in Europe, and an ECB rate decision all packed into five trading days, so the whole world is trying to price risk right ￰3￱ main events start Tuesday with a 12-month revision of BLS jobs data, a key reset that may change how the labor market has been ￰4￱ comes the August Producer Price Index on Wednesday, which will show if supply-side pressures are building ￰5￱ the most critical data hit on Thursday, when the August Consumer Price Index drops alongside the OPEC monthly ￰6￱ to end the week, we’re going to get the University of Michigan’s Consumer Sentiment and Inflation Expectations surveys on Friday, the final pieces of the puzzle before the Fed’s rate ￰7￱ watches inflation prints as traders prepare for a rate cut The Fed is stuck in a strange ￰8￱ is still above 2%, but the economy is bleeding out ￰9￱ payrolls missed big, coming in over 33% below ￰10￱ jumped from 4.2% to 4.3%.

But that wasn’t due to ￰11￱ labor force got bigger; 436,000 people entered the job ￰12￱ technically, more Americans are looking for jobs, not losing ￰13￱ market saw that and immediately started betting on a rate ￰14￱ of late Sunday, the CME FedWatch tool shows an 8% chance of a 50bps cut, something that had a 0% chance just one month ago. A 25bps cut is now priced in as nearly ￰15￱ is where CPI and PPI become ￰16￱ both show progress, if prices are slowing, then the Fed gets the green light to ease ￰17￱ if not, Fed chair Jerome Powell might have to keep rates again, just as investors were starting to breathe, and Trump is finally getting what he ￰18￱ braces for chaos as ECB meets and France flails While the Fed is calculating risk, Europe is juggling ￰19￱ European Central Bank meets Thursday and is expected to keep interest rates steady at 2%.

HSBC says Christine Lagarde will “maintain a dovish bias,” while the ECB itself said it wants to stay “deliberately uninformative about future interest rates decisions,” according to the minutes from its July ￰20￱ approach makes sense because there’s a fire burning in France right now, with Prime Minister Francois Bayrou facing a confidence vote on Monday, and he’s almost certain to lose. Bayrou’s minority government couldn’t rally enough support for the 2026 budget, which included €44 billion ($51.3 billion) in cuts aimed at shrinking France’s budget deficit from 5.8% of GDP in 2024 to 4.6% by ￰21￱ still blows past EU ￰22￱ Bayrou’s government collapses, it’ll be France’s second government to fall in less than a ￰23￱ Barnier’s administration already crashed in ￰24￱ markets are already ￰25￱ week, France’s 30-year bond yield rose before pulling ￰26￱ Monday morning, it was sitting at 4.35%, while the 10-year bond was at 3.43%, as Cryptopolitan just ￰27￱ are expecting Lagarde to get grilled on France during her press conference, but economists say she’ll likely ￰28￱ one at the ECB wants to touch French politics right now.

It’s not just France ￰29￱ costs have gone up across major economies as investors try to figure out who’s ￰30￱ on Monday, we get German trade ￰31￱ Tuesday, it’s the French industrial production getting ￰32￱ Friday brings more heat, with German inflation numbers and UK GDP data hitting right before the ￰33￱ Difference Wire helps crypto brands break through and dominate headlines fast