Publication date: September 11, 2026

In this market calendar, we discuss the key macroeconomic developments and releases that could influence the financial markets in the coming week.

A look back at the past week

On Thursday, the European Central Bank raised interest rates by 25 basis points. This brings the deposit rate to 2.50 percent. Inflation in the eurozone rose to 3.3 percent in August, the highest level since September 2023. This left the ECB with little room to keep interest rates unchanged.

Financial markets were also under pressure due to rising tensions in the Middle East, which further hampered oil supplies via the Red Sea. The price of Brent crude rose by more than 6 percent to over $107 per barrel. U.S. producer prices were also higher than expected on Thursday. On a year-over-year basis, the increase was 5.4 percent, mainly due to higher energy prices.

Wall Street closed lower on Thursday for the third consecutive day. Higher oil prices and a sharp rise in U.S. producer prices weighed particularly heavily on market sentiment. U.S. inflation figures for August were released on Friday. Core inflation fell year-over-year, as expected, to 2.4 percent, but rose more than anticipated on a month-over-month basis. This has increased the likelihood of an interest rate hike by the Federal Reserve next week. Higher interest rate expectations could create headwinds for the stock markets in the near future.

Outlook for the coming week:

Investors will focus primarily on the Federal Open Market Committee’s (FOMC) interest rate decision next week, which will be announced on Wednesday, September 16, at 8:00 p.m. The Federal Reserve’s press conference will follow at 8:30 p.m. The Fed currently maintains a target range for the federal funds rate of 3.50 to 3.75 percent.

In addition to the interest rate decision, the FOMC will publish new economic projections for growth, inflation, and unemployment, among other factors. A new dot plot is also released, showing the individual interest rate expectations of Fed governors. These projections can be just as important to financial markets as the interest rate decision itself, as they provide more insight into the expected course of monetary policy in the coming quarters.

The ongoing unrest in the Middle East, higher oil prices, and persistent cost-push inflation are limiting the Fed’s room to ease monetary policy. The market is therefore firmly pricing in an interest rate hike. Shortly before the interest rate decision, at 2:30 p.m., the U.S. Census Bureau will release retail sales figures for August. On Thursday, Eurostat will announce the final inflation figures for the eurozone for August. The preliminary estimate came in at 3.3 percent, well above the ECB’s 2 percent inflation target.

Economic calendar for Week 38

Below is an overview of the most important macro-economic releases for the coming week. These figures may lead to increased volatility in the financial markets.

Monday, September 14, 2026:

United States:

No major macro-economic releases.

Tuesday, September 15, 2026:

Wednesday, September 16, 2026:

United States:

• 14:30:  August retail sales

• 20:00: Federal Reserve interest rate decision

• 20:00: Federal Reserve economic projections

• 20:30: Federal Reserve press conference

Thursday, September 17, 2026:

Europe:

• 11:00: Eurozone Consumer Price Index for August

Friday, September 18, 2026:

No major macro-economic releases.

Please note that release dates and times are subject to change. For the most up-to-date information, always consult the official communication channels of the relevant institutions and government agencies.

Disclaimer: Investinginvolves risks. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts’ own insights and experiences. They are therefore intended for educational purposes only.