It’s a huge week for markets with key interest rate decisions, monster earnings reports and some top-level economic data releases. 

The Federal Reserve is likely to leave interest rates unchanged, but signal it’s happy with progress on inflation to justify cutting in September. 

The Bank of England is a coin toss – policymakers have sounded cautious on cutting due to the persistence of inflation, particularly in services and wages. 

The Bank of Japan is also due to meet and could hike. BoJ board members discussed the case for a hike as upside risks to inflation become “more noticeable,” according to a summary of opinions from the June policy meeting. 

“It is necessary for the bank to continue to closely monitor relevant data in preparation for the next monetary policy meeting,” one of the board members said. “If deemed appropriate, the bank should raise.” 

Eco data includes the nonfarm payrolls report from the US and the latest CPI inflation from the Eurozone. 

Earnings come from McDonald’s, Merck, Pfizer, Procter & Gamble, Boeing, Fiverr, ARM Holdings, Meta, Qualcomm, Moderna, Roblox, Airbnb, Amazon, Apple, Coinbase, Intel, Snap, Microstrategy, Chevron and Exxon Mobil. 

Finally, August 4th is the date at which Ohio law requires presidential candidates to be registered. 

Find out more in the video below.