Fed Holds Interest Rates Steady as Kevin Warsh Says Rising Treasury Yields Tighten Financial Conditions 
Fed Chair Kevin Warsh Launches Task Forces to Overhaul U.S. Monetary Policy Framework 
Chile Central Bank Holds Interest Rate at 4.5% as Inflation and Global Risks Persist 
South Korea Raises Interest Rates to 2.75% as Inflation and Weak Won Drive Tightening 
BOJ Expected to Hold Rates Steady While Signaling More Hikes Ahead 
Japan PM Sanae Takaichi Unveils Growth Plan as BOJ Independence Concerns Lift Bond Yields 
Australia Inflation Cools as Core CPI Misses Forecasts, Easing RBA Rate Hike Pressure 
ECB Expected to Hold Rates as Middle East Tensions Keep September Hike in Focus 
China Holds Loan Prime Rates Steady for 14th Month as Economic Recovery Remains Uneven 
Singapore Central Bank’s Exchange Rate Policy Explained: Why MAS Uses the S$NEER Instead of Interest Rates 
Oil prices fell sharply on Monday, taking a breather after booking strong gains over the previous trading week, but heading for another monthly fall amid worries over China and the ongoing supply glut.
WTI futures fell 1.84% to $44.39 per barrel, while futures for Brent slid 2.26% to trade at $48.92 per barrel.
Last week, both benchmarks posted steep weekly gains after recording the biggest one-day rally since March 2009 - WTI ended the week almost 12% higher, while Brent jumped over 10.5%.
In China, one of the world's biggest oil consumers, the market sell-off returned on Monday after some stabilization last week, despite weekend comments from country's Premier Li Keqiang who said that Beijing would "enact more targeted and responsive macro-regulation to offset downward economic pressure, more robust reform and innovation efforts to energize the market."
This week will bring some important data, including weekly reports on US crude reserves on Tuesday and Wednesday. The Fed is due to meet on September 16-17, and many analysts still believe the bank's policymakers will decide to raise the rates. However, some economists say such a move will be postponed given the recent market turmoil and falling oil prices. Friday's non-farm payrolls report may give more hints about the future monetary steps in the US.
