The highlight next week will be the FOMC meeting. We are sticking to our forecast of a 75bp hike. In the eurozone, both 2Q GDP and inflation data will be released. US: July FOMC meeting and 2Q GDP in focus It is an important week in the US with the July FOMC meeting and 2Q GDP the highlights. For the former, expectations are firmly centred on a 75bp interest rate increase as the Federal Reserve desperately tries to get a grip on rampant inflation. Many in the market had been talking up the possibility of a 100bp move following the June 9.1% US inflation print and the Bank of Canada’s decision to hike by 100bp. ... (full story)