Several major central banks, including the Federal Reserve, European Central Bank, and Bank of Japan, will hold interest rate meetings this week. This comes amid a US government shutdown that has resulted in reduced data releases from the country. On Thursday at 02:00 UTC+8, the Federal Reserve is expected to announce its interest rate decision followed by a monetary policy press conference with Fed Chair Jerome Powell at 02:30 UTC+8. Dallas Fed President Logan’s speeches are also scheduled for Friday, with one at 01:15 and another at 21:30 UTC+8. Powell is predicted to announce a 25 basis point rate cut but may not make significant policy changes until inflation and the labor market become clearer. Given recent trade tensions and the ongoing government shutdown, many expect a slightly dovish tone from the Fed. However, even those expecting a dovish approach like Waller are hesitant to commit to multiple cuts in advance, so the market’s expectations for a 100 basis point rate cut after October could face disappointment if the Fed’s message suggests otherwise.