Interest rates, PCE & PMI - Economic Calendar for the week starting 16Dec24

Public Holidays

There will be no public holidays in Singapore, Hong Kong, The USA or China in the coming week.

Economic Calendar (16Dec24)

Notable Highlights

• FOMC interest rate decision will be the most watched news in the coming week. The market expects an interest rate cut. A contrary decision is likely to cause some market volatility.

• The core PCE Price Index will be the next most watched indicator for inflation. This is the preferred reference that the Federal Reserve uses for inflation. Surprises in this can lead to market volatility.

• S&P Global US Manufacturing PMI reflects the growth or contraction of the manufacturing sector. The Philadelphia Fed Manufacturing Index shows the development of the manufacturing sectors in Philadelphia.

• S&P Global US Services PMI reflects the growth or contraction of the Services sector.

• Core Retail Sales and Retail Sales represent consumption in America.

• Existing Home Sales is a good reference for home real estate in America.

• GDP Q3 figures will also be updated.

• Initial jobless claims will be announced. The Federal Reserve uses this as one of the key macro data references as it balances inflation and employment in the economy.

• Crude Oil Inventories can be seen as forward indicators of market demand and consumption. If the trend of excess inventories continues, demand erosion can lead to reduced production & weakening consumer spending.

@TigerStars

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