Under more normal circumstances, next week would be among the most important of the weeks of the year. The three largest central banks in the G7 meet, namely the Federal Reserve, the European Central Bank, and the Bank of Japan. In addition, the first estimate of the US and EMU Q1 GDP will be released. Other economic reports, including US auto sales and eurozone's preliminary CPI estimate, are also typically closely watched by economists and investors. However, these are most certainly not normal circumstances. The central banks have not waited for scheduled meetings to adjust policy during the pandemic. The Federal ... (full story)