The Global Week Ahead

This report previews key upcoming central bank decisions from the BoC and BoK, highlights US earnings season, and provides critical analysis on Federal Reserve policy ahead of Chair Warsh's testimony.

Key Takeaways

• 1.The Bank of Canada is expected to keep rates at 2.25% with a focus on cautious forward guidance.
• 2.Fed Chair Kevin Warsh faces Congressional testimony amid concerns that further rate hikes could be a policy error.
• 3.The Bank of Korea is anticipated to hike rates by 25bps to 2.75%.

Table of Contents

• Introduction
• Bank of Canada—Enjoy Your Summer
• Expected Statement Changes
• Forecast Changes—H1 GDP on Track, Inflation Up?
• Balance Sheet—Define 'Steady State'
• US CPI—Watch Super-Supercore!
• US Earnings Season—Big Banks Kick It Off
• Warsh Returns To Congress—And Why Hiking Could Be Policy Error
• Bank of Korea—A Slam Dunk?
• Global Macro
• FORECASTS & DATA

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