This Week's Macro Outlook: The U.S. Federal Reserve will announce its interest rate decision on Thursday, and the CLARITY Act is set for a key vote.

This week, global markets are entering a "central bank super week." The U.S. Federal Reserve’s Federal Open Market Committee (FOMC) will release its interest rate decision and Summary of Economic Projections in the early hours of Thursday Beijing time, followed by a monetary policy press conference from Fed Chair Jerome Powell. The Bank of England (BoE) and Bank of Japan (BoJ) will also announce their respective rate decisions on Thursday and Friday. Meanwhile, the U.S. Senate will hold a key procedural vote on the CLARITY Act on Tuesday local time, while the U.S. Securities and Exchange Commission (SEC) will host a roundtable the same day to discuss 24-hour trading. Key events to watch: Tuesday: Key procedural vote on the Cryptocurrency Market Structure Act (the CLARITY Act); weekly change in U.S. ADP employment for the week ended August 29; September New York Fed Manufacturing Index. Wednesday: U.S. API crude oil inventories for the week ended September 11; August U.S. retail sales month-over-month rate, August U.S. import price index month-over-month rate, September NAHB Housing Market Index; July U.S. business inventories month-over-month rate; U.S. EIA crude oil inventories for the week ended September 11. Thursday: FOMC releases interest rate decision (2:00 a.m. Beijing time Thursday) and Summary of Economic Projections; Fed Chair holds monetary policy press conference; U.S. initial jobless claims for the week ended September 12; Bank of England announces interest rate decision and meeting minutes; SEC hosts roundtable to discuss 24-hour trading. Friday: Bank of Japan releases interest rate decision; BoJ Governor Kazuo Ueda holds monetary policy press conference.