Key Events This Week: FOMC Minutes, Umich, And FOMC Speakers Galore

What happened: The week ahead centers on central bank communication, with the September FOMC minutes on Wednesday and the ECB account of its latest meeting on Thursday, plus a busy run of Fed and ECB speakers and US, German, and Japanese data. Key Why it matters: The unsettled bond market, with global 10Y yields at their highest since 2022, makes incoming US data and Fed communication particularly relevant. DB economists expect two further 25bp Fed hikes over the next couple of quarters, and the minutes will be watched for how the Committee frames the tightening cycle and the neutral rate.

FOMC minutes and speakers signal potential rate policy shifts this week.

FOMC minutes and speakers signal potential rate policy shifts this week. — impact context not separately stored; see What changed.