Compiled by: GaryMa Wu Blockchain
Abstract
Wu Blockchain's weekly macroeconomic indicators and analysis: This week, the focus will be on the US November non-farm payroll data, the Federal Reserve's release of the Beige Book on economic conditions, and Powell's speech.
Review of Last Week
Key Events & Indicators This Week
December 02
December 04
December 05
December 06
Abstract
Wu Blockchain's weekly macroeconomic indicators and analysis: This week, the focus will be on the US November non-farm payroll data, the Federal Reserve's release of the Beige Book on economic conditions, and Powell's speech.
Review of Last Week
- The Federal Reserve released the minutes of the November monetary policy meeting: The decision-makers who believe that a gradual rate cut is appropriate due to the uncertainty of the neutral rate have increased from "some" to "many"; almost all decision-makers believe that the risks to employment and inflation are still broadly balanced, some believe that the downside risks to economic activity and the labor market have decreased, and many believe that the risk of a slowdown in the labor market since the September meeting has decreased; some believe that the adjustment of the ON RRP rate to the lower limit of the federal funds rate should be considered. "New Federal Reserve News Agency": The minutes suggest that if inflation progress stagnates, the Fed will be more cautious about rate cuts; Fed officials discussed a technical 5-basis-point downward adjustment to the ON RRP rate at a "future meeting". (Wall Street View)
- The revised annualized quarterly QoQ real GDP growth rate for the US third quarter was 2.8%, in line with expectations and the initial value.
- The US October core PCE price index rose from 2.7% to 2.8% year-on-year, also in line with expectations.
- The number of initial jobless claims in the US for the week ending November 23 was 213,000, expected 216,000, revised from 213,000 to 215,000 previously.
Key Events & Indicators This Week
December 02
- Manufacturing PMI in the UK, US, France, Germany and Eurozone
- China November Caixin Manufacturing PMI (09:45)
December 04
- US November ADP Employment Change (10,000) (21:15)
- China November Caixin Services PMI (09:45)
- Services PMI in the UK, US, France, Germany and Eurozone
December 05
- Fed Chair Powell to be interviewed at the New York Times DealBook/Summit conference (02:45)
- Federal Reserve to release the Beige Book on economic conditions (03:00)
- US Initial Jobless Claims for the week ending November 30 (10,000) (21:30)
December 06
- US November Unemployment Rate (21:30)
- US November Seasonally Adjusted Non-farm Payrolls (10,000) (21:30)
