The IMF’s Fiscal Monitor on Wednesday will feature a warning that public debt levels are set to reach US$100 trillion this year, driven by China and the United States. Elsewhere in the coming week, a rate cut in Canada and a hike in Russia are among the possible central bank moves anticipated by economists. Regional Fed officials speaking in the coming week include Jeffrey Schmid, Mary Daly and Lorie Logan. Turning east, two central bank decisions are likely to draw attention, starting on Tuesday with Hungary, which may keep borrowing costs unchanged. At the end of the week, data will show if the nation’s industrial profits bounced back in September after slumping more than 17% in August.

Source: The Star October 21, 2024 05:40 UTC