Week ahead as Fed Interest rate decision and the CPI report take central stage
While the monthly CPI is predicted to climb by 0.3% in November, the annual inflation rate in the US is projected to decelerate to 7.3%. Following four straight 75 bps rate rises, Fed officials are expected to increase rates by 50 basis points the following week. All eyes will be on the ECB interest rate decision in Europe, where markets anticipate a more modest 50 bps increase.
On Thursday, the BoE is anticipated to announce a 50bps increase in the benchmark bank rate. The monthly GDP for October is one of the other important economic reports. The Tankan Manufacturers Index, international trade information, and flash PMI readings will be the main topics of discussion in Japan. Along with retail inflation, India’s trade balance and industrial production growth are anticipated for November
Investors anticipate a number of rate-setting central bank meetings that are anticipated to follow the Federal Reserve’s decision. Investors in Australia will be interested in the November employment statistics, flash PMI prints for December, Westpac consumer confidence, and NAB business confidence. Data on Q3 GDP growth and November PMI will be the main topics of discussion in New Zealand.
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