All Chinese data is coming out weaker than expected, with unemployment rising to 5.3% and the economy entrenched in deflation with the GDP deflator declining for its fifth consecutive quarter. The Chinese CS300 equity index is trading at it's lowest level since 2019, and property shares have declined by over 90% in just 4 years.James Brodie and James Todd focus on the upcoming Federal Reserve meeting; will they cut 25bp or 50bp? They also investigate the betting odds for Trump and Harris in regard to the upcoming election, and also discuss the weak sentiment for U.S. small business. A NFIB small business survey showed the second-lowest reading since 1985, where only the GFC was worse.Onto commodities, gold made an all-time high, reaching $2,466. Meanwhile, USDJPY and the U.S. 2-year bond yield make new cycle lows.Key data releases this week:Monday- NY Empire manufacturing dataTuesday - U.S. retail sales, Cad inflationWednesday - U.S. Fed FOMC rate decisionThursday - Aussie employment, BOE rate decisionFriday - BOJ rate decision, UK & Cad retail sales

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