There is no suspense for the Fed's interest rate cut in December. After a series of mixed data releases this week, forward traders have reduced their bets on the Fed's loose policy path. The Dow fell 1.82% this week, the S&P 500 fell 0.64% and stopped rising for three weeks, while the Nasdaq rose 0.34%. BTC has been rising for seven weeks, marking the longest rising period since 2021. The last important monetary policy week of 2024 will attract investors' attention. According to statistics, at least 22 central banks, which account for two-fifths of the global economy, will determine borrowing costs by the end of next Friday, and the results are likely to highlight that the momentum of loose policy now seems increasingly imbalanced as decision-makers weigh different risks for the next year.

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The following are the key points that the market will focus on in the new week:

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On Monday at 15:30, Christine Lagarde, President of the European Central Bank, delivered a speech;


On Tuesday at 04:45, Bank of Canada Governor Macklem delivered a speech;


On Thursday 03:00, the Federal Reserve will announce its interest rate decision and summary of economic projections;


On Thursday at 03:30, the head of the Federal Reserve, Madame Laobiao, held a monetary policy press conference;


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


On Thursday at 14:30, Governor Haruhiko Kuroda of the Bank of Japan held a monetary policy press conference;


On Thursday at 21:30, the revised annualized quarterly rate of actual GDP for the third quarter, the initial quarterly rate of actual personal consumption expenditure for the third quarter, and the Philadelphia Fed Manufacturing Index for December in the United States.


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It is worth noting that the Federal Reserve's preferred measure of underlying inflation, the Personal Consumption Expenditures Price Index (PCE), will be released next Friday. According to economists' predictions, the November PCE (excluding food and energy) to be released on Friday may pump 0.2%, which is the smallest increase in three months. The report will also show steady growth in consumer spending and income, indicating economic resilience!


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