At 3 AM on the 19th, the Federal Reserve will announce its December interest rate decision, with the market expecting a 25 basis point rate cut.
It is worth noting that, according to previous market expectations, there is no expectation of a rate cut in January next year. The most important thing to watch tonight is the dot plot, which can show the expectations for rate cuts next year.
Tomorrow morning, the Bank of Japan will also announce its interest rate, with the market expecting to maintain the rate without further hikes.
These two major data points are factors that can influence global risk assets in the short term. Join me for a live discussion tonight!