Economic calendar for the week 08.07.2024 – 14.07.2024

Market expectations for two Fed rate cuts this year remain largely the same. Despite the Fed's new forecasts regarding the outlook for monetary policy, which includes an interest rate cut in Scenario 1 in 2024, markets are expecting the first cut in September and another in November. The next Fed meeting is scheduled for the end of this month. As the Fed Chairman Jerome Powell has previously repeatedly warned, the decision on interest rates will depend on incoming macro data and inflation dynami