Summary of the most interesting economic events from the trading week of August 29 - September 4, 2022

We expect high volatility this week.

So read on to find out more!

EUR

The annual inflation rate in the euro area accelerated to 9.1 %. It thus broke a new record high. The consumer price index increased by 0.5 % compared with July.  

USD

On Wednesday, US Federal Open Market Committee (FOMC) member Loretta J. Mester gave a speech, mentioning that she does not expect the Fed to cut rates next year because the battle with inflation will be a long one.

CAD

GDP in Canada increased by 0.8 % quarter-on-quarter, matching the growth rate of the previous period and recording four consecutive quarters of growth.

And what's in store for the current trading week?

There are many events to focus our attention on this week. And it will be mainly central banks that can give the markets more volatility.

Sources:

https://www.investing.com

https://www.forexlive.com

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