December 15 economic news summary, this week's economic data presents a complex situation, triggering market reactions and leading swap traders to adjust their forecasts for the Federal Reserve's future easing policy path. During this period, the Dow Jones Industrial Average fell by 1.82%, the S&P 500 index slightly declined by 0.64%, ending a three-week upward trend, while the Nasdaq index rose by 0.34% against the market trend. The Bitcoin market performed particularly well, recording increases for seven consecutive weeks, achieving the longest winning streak since 2021.
As the last key monetary policy week of 2024 approaches, global investors' attention is increasingly focused on the upcoming decisions of major central banks. According to statistics, by next Friday's market close, at least 22 central banks, accounting for more than two-fifths of the global economy, will decide on their borrowing costs, a move that may reveal an emerging uneven trend in the implementation of easing monetary policy after assessing the multiple risks of the coming year.
In the coming week, the market will closely monitor the following key events:
On Monday at 15:30, European Central Bank President Christine Lagarde will deliver a speech on the economic outlook;
On Tuesday at 04:45, Bank of Canada Governor Tiff Macklem will provide policy insights;
Thursday will be a focal day, at 03:00, the Federal Reserve will announce its interest rate decision and economic outlook summary; immediately following at 03:30, Federal Reserve Chairman Jerome Powell will attend a monetary policy press conference; on the same day (specific time to be determined), the Bank of Japan will also announce its interest rate decision; at 14:30, Bank of Japan Governor Kazuo Ueda will hold a press conference to explain the direction of monetary policy; in addition, at 21:30, the United States will release important economic data including the revised annualized quarterly rate of real GDP for the third quarter, the preliminary quarterly rate of real personal consumption expenditures for the third quarter, and the December Philadelphia Fed manufacturing index.
It is particularly noteworthy that the core inflation indicator closely monitored by the Federal Reserve - the Personal Consumption Expenditures Price Index (PCE, excluding food and energy) will be revealed next Friday. Economists generally expect the PCE for November to rise moderately by 0.2%, the smallest increase in three months. This report will also demonstrate robust growth in consumer spending and income, further proving the resilience of the U.S. economy. $BTC $ETH #纳斯达克100指数宣布纳入微策略 #币安LaunchpoolVANA #VELODROME将上线币安