Compiled by: GaryMa Wu Blockchain
Summary
Wu Blockchain's weekly macroeconomic indicators and analysis: The US November CPI year-on-year rate of 3.3% met expectations, and the Bank of Canada and the European Central Bank cut interest rates as scheduled. This week, the focus can be on the interest rate decisions of the US, Japan and the Bank of England, as well as the US November core PCE.
Last week in review
Key events & indicators this week
December 19
December 20
Summary
Wu Blockchain's weekly macroeconomic indicators and analysis: The US November CPI year-on-year rate of 3.3% met expectations, and the Bank of Canada and the European Central Bank cut interest rates as scheduled. This week, the focus can be on the interest rate decisions of the US, Japan and the Bank of England, as well as the US November core PCE.
Last week in review
- The US November non-seasonally adjusted core CPI year-on-year rate was 3.3%, in line with expectations and the previous value.
- The Bank of Canada lowered its policy rate by 50 basis points to 3.25%.
- The European Central Bank lowered its three key interest rates by 25 basis points, with the euro area deposit facility rate, the main refinancing rate and the marginal lending rate falling to 3.00%, 3.15% and 3.40% respectively.
- The number of initial jobless claims in the US for the week of December 7 was 242,000, jumping to the highest level in 2 months, higher than the expected 220,000 and the previous value of 224,000.
Key events & indicators this week
December 19
- US Federal Reserve interest rate decision (upper limit) (03:00)
- Bank of England interest rate decision (20:00)
- US initial jobless claims for the week ending December 14 (10,000) (21:30)
- US Q3 real GDP annualized quarter-on-quarter final (21:30)
- US Q3 core PCE price index annualized quarter-on-quarter final (21:30)
- Bank of Japan to announce interest rate decision
December 20
- US November core PCE price index year-on-year (21:30)
- US December University of Michigan consumer sentiment index final (23:00)
