Here are the most important events to watch out for this week.
The US central bank – the Federal Reserve (Fed) – will hold a meeting on 20 and 21 September, at which interest rates are expected to rise further. US inflation in August was higher than expected, reinforcing market expectations that the Fed will decide on another big rate increase at the end of Wednesday’s meeting. Analysts expect an increase of 75 basis points, although some investors are not ruling out a full rate hike, a move almost unthinkable until recently. At the end of July, the Fed approved an increase in interest rates, for the second month in a row, by another 0.75 per cent. Thus, the overall rise in interest rates in June and July was 150 basis points, the highest since the early 1980s. The overall benchmark federal funds rate is currently between 2.25 and 2.5 per cent.
Three events at the Belgrade Fair
Several events are scheduled for this week at the Belgrade Fair. The 42nd International Fair of the Graphic, Paper and Creative Industries – Grafima – will take place from 21 to 24 September, the 28th International Fair of Information Technology and Office Machines – Biroexpo, and the first Packaging Fair – Pak Am. For decades, the International Trade Fair for the Graphic, Paper and Creative Industries has presented the achievements in these expanding sectors. At the same time, it also presents the achievements of the machine industry, sophisticated technologies, dedicated IT, design hardware and software, and creative and artistic graphic genres. The Biroexpo presents office equipment, office machines and accessories, office furniture and materials, haberdashery and gifts, and decorative and photographic programmes. This year, for the first time, there will be a specialised event, Pak Am, covering the packaging and wrapping segments, as well as machines and equipment for this sector.
Funeral of Queen Elizabeth II of England
Queen Elizabeth II will be buried in London today, Britain’s longest-serving monarch with an impressive 70 years on the throne. She died on 8 September at the age of 96, at the estate in Scotland, where she spent most of the summer. After her death, the British crown passed to her son, Prince Charles, who was proclaimed king with the official title Charles III. Around one million people from all over the world are expected to attend Queen Elizabeth II’s funeral, including hundreds of statesmen. Representing Serbia, Prime Minister Ana Brnabić and her partner will attend the funeral.
New agricultural statistics and trends for the second quarter
This week, the State Statistical Office will publish data on the retail prices of agricultural products in the first week of the current month, the total production of wheat and early crops, and the expected yields of late crops, fruit and grapes at the beginning of September. Trends for the second quarter of 2022 will also be presented.
Photo credits: Unsplash.cm
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