Analyst: Next week will be the "Super Central Bank Week", there are currently no signs indicating that the Federal Reserve will cut interest rates ahead of time or more than 25 basis points

PANews reported on July 28th that, according to Jinshi News, the market will welcome a "Super Central Bank Week" next week. The Bank of Japan, the Bank of England and the Federal Reserve will announce interest rate decisions. These three major central banks may make or hint at significant monetary policy decisions. On Friday, the United States will also release its latest non-farm employment data. Due to comments by Fed Chairman Powell, this data could be key in determining whether the Fed can cut rates as expected in September.

Analyst Cameron Crise stated that US PCE price index roughly met expectations but after some adjustments, year-on-year changes in core data were slightly higher than expected. Considering general market predictions, new levels for core indices were also slightly above expectations. He pointed out these figures are not enough to prevent a rate cut by the Fed in September but there is no sign indicating an early rate cut or a reduction exceeding 25 basis points.