On December 15, a summary of financial news indicates that this week's economic data presents a complex situation, prompting market reactions that led swap traders to adjust their predictions 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 slightly dropped by 0.64%, ending a three-week rising trend, while the Nasdaq index rose against the trend by 0.34%. The Bitcoin market performed particularly well, recording increases for seven consecutive weeks, marking the longest winning streak since 2021.
As the last key monetary policy week of 2024 approaches, global investors are increasingly focused on the impending decisions of major central banks. According to statistics, by the close of the market next Friday, 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 increasingly uneven trend in the implementation of easing monetary policies after assessing various risks for 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 present policy insights;
Thursday will be a focal day, with the Federal Reserve revealing its interest rate decision and economic outlook summary at 03:00; immediately following at 03:30, Federal Reserve Chair Jerome Powell will attend a monetary policy press conference; on the same day (exact 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; additionally, at 21:30, the U.S. will release important economic data including the revised annualized quarterly real GDP for Q3, the preliminary Q3 real personal consumption expenditures quarter-on-quarter, and the December Philadelphia Fed Manufacturing Index.
Notably, 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 modestly by 0.2%, the smallest increase in three months. This report will also showcase robust growth in consumer spending and income, further demonstrating 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