Important events for the crypto market on December 20 from the economic calendar. Straight to the main thing - today, taking into account Powell's words that inflation is now more important for them than the labor market, is the MOST important day until the end of the month and year. Publication of price indices of personal consumption expenditures. The inflation that is being driven to the target level of 2%. So far, the forecast is an increase from 2.3% to 2.5%.
This morning, data on the core consumer price index in Japan (above forecasts) and data on the base lending rate of the People's Bank of China (pause, within the forecast) have already been released.
Schedule for the rest of the day:
- 14:30 Kyiv time / 15:30 Moscow time / 17:30 Astana time - Speech by US Federal Reserve member Daly (with dovish rhetoric and the right to vote).
❗️- 15:30 Kyiv time / 16:30 Moscow time / 18:30 Astana time - US Core Personal Consumption Expenditure Price Index (YoY) (November), US Personal Consumption Expenditure Price Index (YoY) (November). Important for assessing the results of the US Federal Reserve's fight against consumer inflation. One of the key metrics for assessing the success of the fight. Will influence the next rate decision.
- 15:30 Kyiv time / 16:30 Moscow time / 18:30 Astana time - US Personal Spending (MoM) (November). An inflation factor that is important for the Fed.
- 17:00 Kyiv time / 18:00 Moscow time / 20:00 Astana time - Expected inflation from the University of Michigan for November, Consumer inflation expectations index in the USA for 5 years from the University of Michigan, Consumer expectations index from the University of Michigan for November, Consumer sentiment index from the University of Michigan for December. Can be used as a reason for volatility. Especially considering that we are talking about inflation expectations again.
