Federal Reserve will be the central bank of attention - UOB

Analysts at UOB Group explained that the Federal Reserve will be the central bank of attention.

Key Quotes:

"It will be the only major central bank with monetary policy decision this week on 25/26 July but there is little expectations of any rate hike taking place in July and it is also without a scheduled press conference from FOMC Chair Yellen or any updated economic forecasts. 

Post-FOMC decision, Minneapolis Fed President Neel Kashkari (voter in 2017 FOMC) is the only Fed Reserve official speaking in public in a town hall on Friday. 

President Donald Trump nominated Randal Quarles to the Federal Reserve board, filling in the role of regulator of the US banking system, a role vacated by former Fed Governor Daniel Tarullo, and Quarles will have his nomination testimony before the Senate Banking Committee on Thursday. 

The minutes of the 15-16 June BoJ meeting are released on Tuesday but have been superseded by the July meeting."