September could be the market’s most pivotal month of 2025: the Fed’s rate cut decision will hinge on whether inflation stays sticky or jobs data weakens further. Watch for:
- Thursday’s Producer Price Index release: will upstream cost inflation accelerate?
- The Autumn UK Budget, as the government weighs how to plug a £20–£40bn fiscal gap
- Ongoing US-China and US-EU tariff moves—will truce talks hold or escalate?
- How much more will US households feel tariff-induced price hikes by back-to-school and holidays?
Will markets keep shrugging off economic reality—or will hidden cracks widen if policy stumbles? Stay tuned.
