Upcoming Major Events: LDP Presidential Election, US GDP Final Estimate, PCE Price Index, and Powell’s Post-FOMC Address

Forex

Next week is packed with significant financial and political events, including:

– **LDP Presidential Election on September 27:** 

A record-breaking 9 candidates are vying for leadership. Financial markets will be closely monitoring the election results for any potential impacts.

– **US Final GDP Estimate and PCE Price Index:** The final revision for US Q2 GDP is expected to be slightly lower, while the PCE Price Index is forecasted to show a slowdown in inflation growth.

– **FOMC Blackout Ends:** 

Following the Federal Open Market Committee (FOMC) meeting, Federal Reserve Chair Jerome Powell, along with other Federal Reserve officials, will deliver key speeches. These are likely to influence the financial markets.

– **Swiss Central Bank Policy Decision:** This meeting will be the last for Chairman Thomas Jordan, with a new era beginning as inflation is predicted to drop sharply in the coming year.

**Detailed Schedule:**

### **September 23 (Monday)**

– **Market Holiday in Japan** due to the substitute holiday for the Autumnal Equinox.

– Release of **UK, German, Eurozone, and US Manufacturing and Non-Manufacturing PMIs** for September.

– ECB board member **Cipollone** will discuss the Digital Euro.

– **Fed Presidents Bostic, Goolsbee, and Kashkari** will deliver speeches on the economy and monetary policy with Q&A sessions.

### **September 24 (Tuesday)**

– **Reserve Bank of Australia** to announce its policy rate.

– **US Consumer Confidence Index** for September will be released.

– **Bundesbank President Nagel** will discuss the German economy.

– The **UN General Assembly General Debate** begins (continues until September 30).

### **September 25 (Wednesday)**

– **China’s 1-Year MLF Rate** announcement.

– **Australia’s August Consumer Price Index** data released.

– **OECD Interim Economic Outlook** to be published.

### **September 26 (Thursday)**

– **Bank of Japan** will release minutes from its July 30-31 meeting.

– **ECB Economic Bulletin** and **Swiss Central Bank Policy Rate** announcements.

– The **US Q2 Final GDP** estimate and weekly **Initial Jobless Claims** data will be revealed.

– **Speeches by Powell, Lagarde, Yellen, and FRB officials** at various financial forums, including the ESRB meeting and a joint event by the Treasury, NY Fed, FED, CFTC, and SEC.

### **September 27 (Friday)**

– **LDP Presidential Election Results** announced.

– Tokyo **Consumer Price Index** for September and China’s **Industrial Profits** for August are expected.

– The **US PCE Price Index** and **Michigan Consumer Sentiment Index** for September will be released.

– ECB board members **Nagel and Cipollone** will continue to speak on the Digital Euro, while ECB Chief Economist Lane will address fiscal policies at a major conference.

      “September 29 (Sunday)”

– **Swiss National Bank Chairman Jordan** will step down, with Vice-Chair **Schlegel** assuming the role on October 1.

– The **UK Conservative Party Conference** begins in Birmingham (ends on October 2).

**Note:** These schedules are subject to change.

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