Tuesday 12/17
The Census Bureau reports retail and food-services sales for November. Consensus estimate is for a 0.5% month-over-month increase, after a 0.4% gain in October. Excluding autos, sales are expected to rise 0.4%, three-tenths of a percentage point more than previously.
Wednesday 12/18
Micron Technology releases quarterly results on Wednesday, followed by FedEx and Nike on Thursday.
The Federal Open Market Committee announces its monetary-policy decision and releases its quarterly Summary of Economic Projections. The FOMC is widely expected to cut the federal-funds rate by a quarter of a percentage point to 4.25%-4.50%. While the forecast for the December meeting seems clear, the outlook for 2025 is much hazier, with traders currently anticipating between two and three quarter-point interest-rate cuts by year end.
Friday 12/20
The Bureau of Economic Analysis releases the personal consumption expenditures price index for November. Economists forecast a 2.5% year-over-year rise, two-tenths of a percentage point more than in October. The core PCE price index is seen rising 2.9%, compared with 2.8% previously.
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(END) Dow Jones Newswires
December 13, 2024 21:30 ET (02:30 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
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