Trading Week Ahead: Will the Fed Keep Rates Unchanged?
Global markets face a defining week. A tentative pause in US-Iran clashes has sent oil prices tumbling back toward $91 a barrel, easing some immediate inflation fears. Against this calmer backdrop, traders are bracing for a massive slate of megacap tech earnings, with Microsoft, Meta, Apple and Amazon poised to rigorously test the sustainability of the artificial intelligence boom.
However, the ultimate driver of risk sentiment remains the Federal Reserve, as policymakers navigate sticky inflation to deliver a highly anticipated interest rate decision.
Brace for this week’s three key economic events:
👉 US Fed Interest Rate Decision – 20:00, Wednesday (CEST)
The macroeconomic event of the week, with rates widely expected to remain unchanged at 3.75%. Any hawkish surprises or shifts in forward guidance from Chair Kevin Warsh will trigger aggressive volatility across all asset classes.
👉 US GDP – 14:30, Thursday (CEST)
A definitive read on Q2 economic growth (forecast 2.3%, prev. 2.1%). A strong beat will highlight US economic resilience, aggressively repricing the dollar higher and challenging dovish policy bets.
👉 EUR CPI – 11:00, Friday (CEST)
Crucial snapshot of Eurozone inflation. Any unexpected divergence from the broader disinflation trend will instantly reprice EUR pairs and significantly alter the outlook for future ECB rate cuts.
| Date | Time | Instrument | Event |
|---|---|---|---|
| 27/07/26 |
14:30
|
USD
|
Durable Goods Orders |
| 29/07/26 |
20:00
|
USD
|
Fed Interest Rate Decision |
|
20:30
|
USD
|
FOMC Press Conference | |
| 30/07/26 |
10:00
|
EUR
|
German GDP |
|
11:00
|
EUR
|
GDP | |
|
13:00
|
GBP
|
BoE Interest Rate Decision | |
|
14:00
|
EUR
|
German CPI | |
|
14:30
|
USD
|
PCE Price Index | |
|
USD
|
GDP | ||
| 31/07/26 |
05:00
|
JPY
|
BoJ Interest Rate Decision |
|
11:00
|
EUR
|
CPI |
*All times in the table are in CEST
All information provided herein is intended solely for educational purposes related to trading on financial markets and does not constitute investment advice or serve in any way as a specific investment recommendation. Please read the full disclosure here.
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