Global markets face a dense week of central bank decisions and economic data that could shape trading through the rest of the year. The Federal Reserve's two-day Federal Open Market Committee (FOMC) meeting begins Tuesday, September 15, with its rate decision due at 3 a.m. Thursday, September 17, Seoul time. Expectations are marginally tilted toward a hike, while investors will also assess the dot plot, updated economic forecasts and the inflation outlook. U.S. August producer and consumer price data, as well as retail sales, will influence the policy debate. The Bank of Japan is widely expected to deliver a 25bp hike on Friday, September 18, while markets will watch for guidance from Governor Kazuo Ueda on further normalization. A stronger yen has revived concerns about carry-trade unwinding and possible effects on global assets. The Bank of England and European Central Bank will also announce decisions, with the ECB facing energy-price complications after markets priced in a 25bp hike as nearly certain. Treasury buyback plans triggered a rise in U.S. yields after the announced $6 billion purchase fell short of expectations. South Korea will launch after-market trading on Monday, September 14, and the week will include major economic releases, quadruple witching and a U.S. Senate cloture vote on the Clarity for Payment Stablecoins Act.