Venter rentethriller i USA

En nerve-rattende rentemøte er på veg mot å skape hull i USA, med sentralbanksjef Kevin Warsh som har tatt plassen. President Donald Trump, som har brutalt krepet renten, satte inn Warsh i jobben i mai. Over 90 percent of professionals are banking on a rate hike, according to Bloomberg data. However, half of the economists surveyed expect a hike, while the rest await a rate cut.

This meeting comes only seven weeks before the US midterm elections, making it extremely tense. Warsh's credibility hangs in the balance if the Fed doesn't raise rates now, warns economist Harald Magnus Andreassen. Warsh was appointed by Trump, who wants rates lowered, and considers the economy so strong that rates should be kept low.

Andreassen believes Warsh is under immense pressure, given his own statements about market signals and his view that Powell, Trump's former Fed chief, was the biggest idiot for not cutting rates. DNB Carnegie economist Kjersti Haugland is uncertain about a rate hike in September, changing her prediction to a hike after recent inflation figures.

The US economy is performing well, but energy markets are heating up with oil prices at an all-time high. A regional network update from the Norwegian Central Bank is expected on Thursday, which could swing expectations either way. The bank is heavily weighing the regional network data when assessing the temperature of the Norwegian economy.

Haugland anticipates a significant rente meeting, especially with the midterm elections looming. A recent development that could impact global economics is Saudi Arabia's announcement that it will close its east-west oil pipeline due to drone attacks. The pipeline is a crucial route for oil shipments that cannot pass through the strategically important Strait of Hormuz.