WHAT DATES IN DECEMBER 2023 WILL BE MOVING THE MARKET?
📌 US ISM Services Purchasing Managers’ Index (PMI)
When?
Friday, 1 December
Relevance?
The US ISM Services PMI measures the health of the American services sector, which includes industries like healthcare, retail, and hospitality. Investors pay close attention to these numbers because the services sector makes up a significant portion of the US economy.
------
📌 US unemployment rate and non-farm payrolls
When?
Friday, 8 December
Relevance?
US unemployment numbers serve as a critical indicator of the overall health of the US economy.
------
📌 US inflation rate numbers
When?
Tuesday, 12 December
Relevance?
The inflation rate in the US will decide the Fed’s plans with interest rates. High inflation may call for further rate hikes, while signs of inflation slowing may lead to a pause or even a decrease in interest rates.
------
📌 Federal Reserve Bank interest rate decision
When?
Wednesday, 13 December
Relevance?
Financial markets often react sensitively to interest rate decisions. Lower interest rates can stimulate economic activity and boost stock markets, while higher rates can have the opposite effect.
$BTC $ETH $XRP
#MarketWatch2023 #MarketDynamics #FederalReserve #inflation #PMI
