Trading This Week’s Fundamental Events: Key Central Bank Decisions
11 December 2023
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Key Points:
- Federal Reserve’s final policy meeting of 2023 on Wednesday.
- US inflation data for November scheduled for Tuesday.
- ECB and BoE rate decisions on Thursday.
- ECB is anticipated to start rate cuts in April.
- Eurozone inflation trends may influence future ECB decisions.
This week, all eyes are on major central bank meetings and economic data. The Federal Reserve’s final policy meeting of 2023 is set for Wednesday, with the market anticipating that rates will remain at a 22-year high. Investors will be watching for any indications of future rate cuts.
On Tuesday, the US will release key inflation data for November, with a slight increase expected.
In Europe, both the European Central Bank (ECB) and the Bank of England (BoE) will announce their rate decisions on Thursday. The ECB is expected to hold rates steady but could signal the start of rate cuts in April, while the BoE is likely to maintain its current rate levels.
Eurozone inflation has recently decreased, which might impact the ECB’s future decisions.
