Business calendar: Rate hike central

STORY: From one jumbo rate hike to another --- we round up the business and finance stories to watch out for in the week ahead.

A fourth straight 75-basis point interest rate hike is widely expected when the Federal Reserve meets on Nov 1st and 2nd.

There is some hope among investors that the Fed will ease up on its aggressive hikes.

Fed chair Jerome Powell has come under political pressure to be careful of putting U.S. jobs at risk by tightening policy too much.

The Bank of England also looks set to raise rates by the most since 1989 on Thursday with a 75-basis point increase baked into market expectations.

That is down from bets on a full percentage-point leap -- which were doused last week by new finance minister Jeremy Hunt when he reversed almost all of former Prime Minister Liz Truss's tax cuts.

But the delay of the first budget plan of Hunt and new Prime Minister Rishi Sunak until November 17th will make it harder for the Bank of England to spell out its economic forecasts.

In the euro area -- all eyes are on the October flash inflation estimate on Monday.

Inflation in the bloc is running at almost 10 percent.

And the European Central Bank just delivered its second 75-basis point rate increase to control price pressures.

Like other big central banks, the European Central Bank is hoping for signs that the peak of inflation is coming.

But that doesn't mean the danger is over and policymakers and markets will wait to see if underlying price pressures are broadening out.