This week is crucial, as it marks the final week for the release of macroeconomic data for the year, with key indicators being revealed one after another:
On Tuesday, the retail sales data will be released, which is essential for assessing the health of the consumer market.
On Wednesday, it will be the focus of the market, as the Federal Reserve meeting will be held as scheduled, accompanied by the FOMC (Federal Open Market Committee) decision. This meeting is likely to bring significant volatility to the market, so close attention should be paid to its policy direction and outlook on the economic prospects.
On Thursday, GDP data will be released, providing us with a comprehensive view of the overall economic situation. Additionally, the monetary decisions of the small day central bank and the pound will also be announced, both of which will have a significant impact on the global market.
On Friday, the PCE (Personal Consumption Expenditures) price data will be released, which is one of the key indicators for measuring inflation levels in the beautiful country.
As the Federal Reserve meeting approaches, market volatility may significantly increase, and within the same week, we should not be surprised to see major fluctuations like 110,000 and 90,000.