Economic Calendar Summary: Key Events for the Week of September 7, 2026
Overview
This week is highlighted by the upcoming release of US inflation data for August, which is anticipated to influence the Federal Open Market Committee (FOMC) meeting next week regarding interest rate decisions. The focus will also be on the European Central Bank (ECB) meeting and Oracle's financial results.
Key Economic Events
US Inflation Data (CPI) - September 11
The release of the Consumer Price Index (CPI) is crucial as it may determine whether the FOMC will pause or hike interest rates. Christopher Waller, a member of the FOMC, indicated that if the CPI does not show a negative surprise, he would likely support maintaining current interest rates.
ECB Meeting - September 10
The ECB is expected to announce a rate hike, which is already priced into the market. Investors will be looking for guidance on future monetary policy, especially in light of rising TTF gas prices, with expectations of three rate increases by mid-2027.
Oracle Financial Results - September 10
Oracle's earnings report will be released after the market closes. Investors will focus on revenue growth in the cloud segment and the backlog of future orders, which are critical indicators of the company's ability to capitalize on the growing demand for AI infrastructure.
Recent Economic Data
Non-Farm Payrolls (NFP) - August
The NFP data showed an increase of 162,000 jobs, surpassing expectations. Notably, sectors such as food services and local government education contributed significantly to this growth. However, the unemployment rate remained steady at 4.1%, with wage growth slightly exceeding expectations at 3.1% annually.
Sweden's Inflation Data
Sweden's inflation figures came in lower than anticipated, with the CPIF at 0.7% and CPI at 0.3%, leading to a diminished likelihood of a rate hike in September.
Germany's Industrial Production
Germany's industrial production for July fell by 1.1% month-on-month, which did not align with previous PMI trends.
Market Outlook
With the US market closed for Labor Day, European markets are expected to take center stage. Key commodities like Brent crude oil are nearing $100 per barrel, reflecting a significant weekly increase. The EUR/USD pair is also under scrutiny as it awaits the outcomes of the ECB meeting and US CPI data.