The Week Ahead (August 26–29, 2025)

As we head into the final week of August, markets are bracing for a busy stretch

Tuesday, August 26

04:30 – AUD | Monthly Consumer Price Index (YoY, July) Australia’s inflation figures are due, with the prior reading at 1.9% and markets expecting an uptick to 2.2%. A hotter number could strengthen expectations for tighter RBA policy.

10:00 – CHF | GDP (QoQ, Q2) Switzerland’s economy is expected to slow, with forecasts at just 0.1% growth compared to 0.5% in the prior quarter.
15:30 – USD | GDP Annualized (Q2, Preliminary) A major release for the U.S. economy. Growth is projected at 3%, unchanged from the previous estimate.

02:30 – JPY | Tokyo CPI (YoY, August) Inflation in Japan’s capital will offer an early look at nationwide price trends. Headline CPI is forecast at 2.9%, while core (ex food and energy) is seen at 3.1%—still well above the Bank of Japan’s target.
09:00 – EUR | Retail Sales (YoY, July) European retail sales data will be watched for signs of consumer resilience, with expectations of 4.9% growth.
15:00 – EUR | CPI (MoM & YoY, August Preliminary) Eurozone inflation is expected to moderate slightly, with monthly CPI flat at 0% and annual CPI steady at 2.1%. The harmonized index (HICP) will also be released.
15:30 – CAD | GDP Annualized (Q2) Canada’s growth is expected to slow to 2.2%, a key data point ahead of the BoC’s fall policy meetings.
15:30 – USD | Core PCE Price Index (MoM & YoY, July) The Fed’s preferred inflation gauge is projected to hold steady, with monthly growth at 0.3% and annual inflation at 2.8%. This will be the highlight of the week for U.S. markets and could drive Fed policy expectations heading into September.