Prediction markets now put the odds of a Fed hike on October 28 near 17%, down from about 64% on September 27. The Fed's own account of why it hiked in September arrives Wednesday, and it is the one scheduled event this week that can push that number back up.

Two weeks after the Fed's first hike since 2023, the Reserve Bank of Australia looks set to become the third major central bank to tighten policy in barely a month. It shares the calendar with the most consequential US jobs report since the Fed's pivot.

Not financial advice. This is a research piece, not investment guidance; always do your own research before trading. 💡Three weeks ago the debate was whether the Fed would cut before year end. Last week it hiked instead, and so did the Bank of Japan, in less than 48 hours. This