Global financial markets are watching this week's monetary policy meetings of the US Federal Reserve and the Bank of Japan. The Fed is scheduled to meet on September 15-16, followed by the BOJ on September 17-18. Data from Totan Research and Totan ICAP indicates that investors assign nearly 98% probability that the BOJ will raise interest rates this week, and Nikkei reported that the BOJ plans to raise its policy rate from 1% to 1.25%, which would be the highest level since 1995. On the Fed side, CME FedWatch data indicates the Fed will raise rates a total of two times, by 0.25% each, through the end of this year, after holding the policy rate at 3.50%-3.75% since December 2025. Meanwhile, Bank of America Securities expects the Fed to raise rates by a total of 0.75% this year, in September, October, and December. Expectations that the BOJ will accelerate policy tightening also helped push the yen stronger to 152 yen per dollar last week.
Bank of America Corp
CME Group Inc
