It goes without saying that the main event of the week will be the Federal Open Market Committee meeting that will be held on Wednesday. Most analysts anticipate that the funds rate will be reduced to 2% from 2.5%. Along with that, we cannot be 100% sure that these expectations will be realized, since the Fed officials have not reached a consensus on this issue. After all, few analysts expected that the American financial regulator would change the interest rate. Moreover, it had been previously reduced. Besides, the forecast was changed only under the influence of the ECB meeting results. So the question remains open, and there is every reason to doubt that the Fed actions will come in line with expectations this time. Naturally, this event will be under the spotlight, so traders are likely to pay little attention to the inflation data from the UK, Europe and Canada. The inflation rate in Britain is expected to decrease to 1.9% from 2.1%. Similarly, the price growth in Canadian is likely to slow down to 1.9% from 2.0% while in Europe, it is expected to remain unchanged.
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