Weekly Macro Outlook: Fed interest rate decision looms, key vote on CLARITY Act ahead, Bank of Japan and Bank of England take the stage.

Next week, global markets will enter a central bank "super week". The U.S. Federal Reserve’s Federal Open Market Committee (FOMC) will release its interest rate decision and economic projections summary in the early hours of Thursday Beijing time, followed by a monetary policy press conference from Fed Chair Walsh. The Bank of England and Bank of Japan will also announce their respective rate decisions on Thursday and Friday respectively. Meanwhile, the U.S. Senate will hold a key procedural vote on the CLARITY Act (officially the Cryptocurrency Market Structure Act) on Tuesday local time, and the U.S. Securities and Exchange Commission (SEC) will host a roundtable meeting the same day to discuss 24-hour crypto trading. Below is a breakdown of key upcoming events: - Tuesday: Key procedural vote on the Cryptocurrency Market Structure Act (CLARITY Act); weekly change in U.S. ADP employment for the week ended August 29; September New York Fed Manufacturing Index. - Wednesday: Weekly API crude oil inventory for the week ended September 11; U.S. August retail sales month-over-month rate, U.S. August import price index month-over-month rate, September NAHB Housing Market Index; U.S. July business inventories month-over-month rate; weekly EIA crude oil inventory for the week ended September 11. - Thursday: FOMC announces interest rate decision (2 a.m. Beijing time Thursday) and economic projections summary; Fed Chair holds monetary policy press conference; weekly initial jobless claims for the week ended September 12; Bank of England announces interest rate decision and meeting minutes; SEC roundtable on 24-hour trading. - Friday: Bank of Japan announces interest rate decision; BOJ Governor Kazuo Ueda holds monetary policy press conference.