Publication date: September 18, 2026
In this market calendar, we discuss the key macro-economic developments and economic reports that could move the financial markets in the coming week.
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A look back at the past week
Investors’ attention this week was primarily focused on the Federal Reserve’s interest rate decision. On Wednesday, the Fed raised its policy rate by 25 basis points to a range of 3.75 to 4.00 percent. It was the first rate hike since July 2023. The central bank cited persistently high inflation and the resilience of the U.S. economy.
Furthermore, the Fed’s new interest rate projections indicate that a majority of policymakers believe one more rate hike is appropriate before the end of 2026.
U.S. consumers also showed few signs of weakening this week. Retail sales rose 1.2 percent in August compared with July, significantly stronger than expected. Strong consumer spending underscores that the U.S. economy remains resilient for now, but at the same time gives the Fed less room to quickly ease monetary policy.
In Europe, the final inflation rate for August was set at 3.2 percent, slightly lower than the preliminary estimate of 3.3 percent but still well above the ECB’s target. Energy, in particular, contributed significantly to the rise in prices. Meanwhile, the price of oil remained above $100 per barrel.
Financial markets initially reacted cautiously to the Fed’s relatively hawkish tone, but a recovery followed on Thursday. The Nasdaq rose about 1.7 percent that day, while the S&P 500 and Dow Jones also closed higher. The decline in the U.S. 10-year yield from its recent highs provided support primarily for technology stocks.
Outlook for the coming week:
Next week, central banks’ focus will shift back to economic data. On Wednesday, September 23, the preliminary PMI figures for September will be released. These purchasing managers’ indices provide an initial snapshot of trends in the manufacturing and service sectors in the United States, Europe, and elsewhere. Following the recent rise in oil prices and bond yields, investors will be watching closely to see if this is causing economic growth to begin to slow.
On Tuesday, the European Commission will publish the preliminary consumer confidence figures for September. In August, confidence in the eurozone remained well below the long-term average at -15.5 points. On Thursday, the United States will release data including weekly unemployment insurance claims and new home sales.
In addition, oil prices and developments in the Middle East remain key factors for the financial markets. Next week will also feature a three-day visit by Chinese President Xi Jinping to Washington, during which the markets will be paying particular attention to signals regarding trade, technology, and the economic relationship between the United States and China.
For investors, this will therefore be a week in which it should become clear whether the combination of higher interest rates, high energy prices, and rising financing costs is already having a visible impact on economic activity.
Economic calendar for Week 39
Below is an overview of the most important macroeconomic releases for the coming week. These figures may lead to increased volatility in the financial markets.
Monday, September 21, 2026:
United States:
No major macro-economic releases.
Tuesday, September 22, 2026:
Europe:
Wednesday, September 23, 2026:
Europe:
United States:
Thursday, September 24, 2026:
United States:
Friday, September 25, 2026:
No major macro-economic releases.
Please note that publication 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.