Economic Calendar for the day ahead 22 Aug 2025 | investingLive

The economic calendar is not very busy today, but will not be without excitement as we have Jackson Hole coming up later.

During Asia-Pac, markets will be watching the July inflation data due for Japan. The Tokyo numbers saw a strong drop to 2.9% for the most recent print, which is why markets are expecting a chunky drop from 3.3% to 3.0% for the national number today.

Recently, there has been growing speculation that the BoJ could hike rates again this year, so a big miss or beat will likely shape expectations for rates towards the end of the year.

For later in the EU session we also have GDP data due for Germany (Q2 numbers), and a heads-up that the Retail Sales data due for the UK has been moved to the 5th of September due to the continued issues with data at the ONS.

Then during the US session, the waiting for Jackson Hole is finally over. Markets have been eagerly waiting for Powell’s speech to see whether the recent downward revisions to NFP has opened up the door for more or faster rate cuts.

Depending on the tone of the speech, it could set the mood for broader markets until we get the next NFP report, so will be an important one to keep on the radar.