Major events this week, key focus.
The following are the key points that the market will focus on in the new week:
Monday 15:30, European Central Bank President Lagarde will deliver a speech;
Tuesday 04:45, Bank of Canada Governor Macklem will deliver a speech;
Thursday 03:00, the Federal Reserve will announce the interest rate decision and economic projections summary;
Thursday 03:30, Federal Reserve Chair Powell will hold a monetary policy press conference;
Thursday (specific time to be determined), the Bank of Japan will announce the interest rate decision;
Thursday 14:30, Bank of Japan Governor Ueda Kazuo will hold a monetary policy press conference;
Thursday 21:30, the revised annualized quarterly growth rate of the actual GDP in the third quarter of the U.S., the preliminary quarterly growth rate of actual personal consumption expenditures in the third quarter of the U.S., and the December Philadelphia Fed manufacturing index.
It is worth noting that the Federal Reserve's preferred core inflation measure, the Personal Consumption Expenditures Price Index (PCE), will be released next Friday. According to economists' predictions, the PCE for November (excluding food and energy) may rise by 0.2%, which is the smallest increase in three months. This report will also show robust growth in consumer spending and income, indicating economic resilience.
A rate cut in December is basically a done deal.