Financial Markets Brace for Key US Macroeconomic Data and Fed Decision This Week

Financial markets are preparing for a significant macroeconomic week, highlighted by the Federal Reserve's interest rate decision on October 28. While economists widely anticipate the Fed will maintain its federal funds target at 3.75%-4.00%, expectations for a December rate hike have risen following recent CPI and PPI inflation reports. Additionally, the week will see the release of the advance estimate of Q3 US GDP and September Personal Consumption Expenditures (PCE) inflation data on Thursday. Strong economic growth coupled with persistent inflation could reinforce the Federal Reserve's restrictive monetary policy stance.