Major events next week, key focus.
Here are the key points the market will focus on in the new week:
Monday 15:30, ECB President Lagarde speaks;
Tuesday 04:45, Bank of Canada Governor Macklem speaks;
Thursday 03:00, the Federal Reserve announces interest rate decision and economic outlook summary;
Thursday 03:30, Federal Reserve Chair Powell holds a monetary policy press conference;
Thursday (exact time to be determined), Bank of Japan announces interest rate decision;
Thursday 14:30, Bank of Japan Governor Ueda holds a monetary policy press conference;
Thursday 21:30, U.S. Q3 actual GDP annualized quarter-on-quarter revision, U.S. Q3 actual personal consumption expenditures quarter-on-quarter preliminary value, U.S. December Philadelphia Fed Manufacturing Index.
It is worth noting that the Federal Reserve's preferred core inflation indicator, the Personal Consumption Expenditures Price Index (PCE), will be released next Friday. Economists predict that the PCE for November (excluding food and energy) may rise by 0.2%, 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.
