The U.S. Federal Reserve may have no suspense in cutting interest rates in December!

After a series of mixed data releases this week, swap traders have reduced their bets on the Fed's easing policy path.

This week, the Dow Jones Industrial Average fell 1.82%, the S&P 500 index dropped 0.64%, ending a three-week winning streak, while the Nasdaq rose 0.34%.

Bitcoin has risen for seven consecutive weeks, marking the longest winning streak since 2021.

The last important monetary policy week of 2024 will attract investors' attention.

Here are the key points the market will focus on in the new week:

Monday at 15:30, European Central Bank President Lagarde will speak;

Tuesday at 04:45, Bank of Canada Governor Macklem will speak;

Thursday at 03:00, the Fed will announce its interest rate decision and economic outlook summary;

Thursday at 03:30, the head of the Fed will hold a monetary policy press conference;

The Bank of Japan will announce its interest rate decision (exact time to be determined);

Thursday at 14:30, Bank of Japan Governor Ueda Kazuo will hold a monetary policy press conference;

Thursday at 21:30, the U.S. will release the third quarter annualized GDP growth revision, the initial value of the third quarter real personal consumption expenditures, and the December Philadelphia Fed Manufacturing Index.

It is worth mentioning that the Fed's preferred core inflation indicator - the Personal Consumption Expenditures Price Index (PCE) - will be released next Friday. According to economists' forecasts,

The PCE for November (excluding food and energy) released on Friday may rise by 0.2%, the smallest increase in three months. This report will also show solid growth in consumer spending and income, indicating the economy's resilience!$BTC