Important economic events this week (by U.S. date 🇺🇸)
**MONDAY, DECEMBER 16**
- Empire State Manufacturing Survey
- S&P Flash Services PMI
- S&P Flash Manufacturing PMI
**TUESDAY, DECEMBER 17**
- U.S. Retail Sales (estimated 0.6%, previous 0.4%)
**WEDNESDAY, DECEMBER 18**
- FED interest rate decision, with expectations that the FED will cut rates by another 0.25% (11 AM California time, 2 AM Thursday Vietnam time)
- Press conference by FED Chairman Powell (30 minutes after the interest rate announcement)
- Bank of Japan 🇯🇵 interest rate decision
**THURSDAY, DECEMBER 19**
- Initial jobless claims (estimated 229,000 | previous 242,000)
- GDP (second revision) (estimated 2.9% | previous 2.8%)
- Philadelphia FED Manufacturing Survey
- Bank of England 🇬🇧 interest rate decision
**FRIDAY, DECEMBER 20**
- PCE Inflation (estimated 2.5%, previous 2.3%)
- Core PCE (estimated 2.9%, previous 2.8%)