Compiled by: GaryMa Wu Talks Blockchain

Summary
Wu Talks This Week's Macroeconomic Indicators and Analysis: Last week, the U.S. November CPI Year-on-Year was 3.3%, in line with expectations, and the Bank of Canada and the European Central Bank cut interest rates as expected. This week, focus on interest rate decisions from the U.S., Japan, and the UK, as well as U.S. November Core PCE, etc.

Review of Last Week

  • U.S. November Unadjusted Core CPI Year-on-Year recorded at 3.3%, expected 3.3%, previous value 3.3%.

  • Bank of Canada lowers policy interest rate by 50 basis points to 3.25%.

  • European Central Bank lowers three key interest rates by 25 basis points, with the Eurozone deposit facility rate, main refinancing rate, and marginal lending rate dropping to 3.00%, 3.15%, and 3.40%, respectively.

  • U.S. Initial Jobless Claims for the week ending December 7 were 242,000, rising to the highest level in two months, exceeding the expected 220,000 and previous value of 224,000.



Key Events & Indicators This Week
December 19

  • U.S. Federal Reserve Interest Rate Decision (Upper Limit) for the week ending December 18 (03:00)

  • UK Bank Interest Rate Decision for the week ending December 19 (20:00)

  • U.S. Initial Jobless Claims for the week ending December 14 (10,000) (21:30)

  • U.S. Q3 Real GDP Annualized Quarterly Rate Final (21:30)

  • U.S. Q3 Core PCE Price Index Annualized Quarterly Rate Final (21:30)

  • Bank of Japan announces interest rate decision


December 20

  • U.S. November Core PCE Price Index Year-on-Year (21:30)

  • U.S. December University of Michigan Consumer Sentiment Index Final (23:00)