Following the FOMC, central banks in each country, starting with the Bank of Japan, will announce policies - also pay attention to Chinese statistics
2024/12/15 11:25 JST (some excerpts)
The Bank of Japan, the Bank of England, the Central Bank of England, Sweden, and Norway announced policies on the 19th
Industrial production and retail sales for November, which will be announced on the 16th, are in the spotlight in China
Central banks around the world, starting with the United States, made policy announcements one after another within 24 hours, ending a year when inflation slowed in many developed countries and monetary easing began.
Following the US Federal Open Market Committee (FOMC) on the 18th, the Bank of Japan, the Central Bank of Sweden, the Central Bank of Norway, and the Bank of England (Bank of England) will announce monetary policies on the 19th.
The Bank of Japan, the Bank of England, the Central Bank of England, Sweden, and Norway announced policies on the 19th
Industrial production and retail sales for November, which will be announced on the 16th, are in the spotlight in China
Central banks around the world, starting with the United States, made policy announcements one after another within 24 hours, ending a year when inflation slowed in many developed countries and monetary easing began.
Following the US Federal Open Market Committee (FOMC) on the 18th, the Bank of Japan, the Central Bank of Sweden, the Central Bank of Norway, and the Bank of England (Bank of England) will announce monetary policies on the 19th.
The FOMC is expected to decide on a 0.25 point interest rate cut, but if the next Trump administration strengthens import tariffs in 2025, it could be an inflationary factor,Additional relaxation paceIt may slow down.
David Wilcox, who serves as the Federal Reserve (FRB) Research and Statistics Bureau Director and is currently the US Economic Research Director of Bloomberg Economics (BE), pointed out that “Mr. Trump has pledged actions that affect inflation and economic activity, which complicates FOMC's work.”
“Since monetary policy is delayed and effective, policy authorities predict the economic situation one or two years from now based on their best understanding, and make policy decisions at each meeting. When setting federal fund (FF) interest rate guidance targets at the next few meetings, policy authorities will evaluate the possibility that Mr. Trump's various proposals will be implemented and consider that risk,” he said.
“Since monetary policy is delayed and effective, policy authorities predict the economic situation one or two years from now based on their best understanding, and make policy decisions at each meeting. When setting federal fund (FF) interest rate guidance targets at the next few meetings, policy authorities will evaluate the possibility that Mr. Trump's various proposals will be implemented and consider that risk,” he said.
(Some omitted)
USA
Personal consumption expenditure (PCE) statistics for November, which the US financial authorities place importance on, will be announced on the 20th. The November PCE core price index (excluding food and energy) rose 0.2% from the previous month, which is likely to be the slightest increase in 3 months. Steady private consumption and income growth have been shown, and it seems to confirm the strength (prosperity) of the economy. There is a high possibility that retail sales for November, which will be announced on the 17th, will show similar strength.
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