The Week Ahead
The final full five-day trading week of 2025 will be a busy one as far as macroeconomics and policy are concerned. The highest profile event of the week will be the FOMC Policy Statement on Wednesday afternoon. A 25-basis point rate cut is currently priced into markets. Until Wednesday, the Fed remains in their media blackout period. On Wednesday, along with the Statement, the FOMC will release their quarterly economic projections and Fed Chair Jerome Powell will hold his all-important post-decision press conference. Among other key central banks making decisions, both the Bank of Japan and Bank of England will step to the plate and do their thing on Thursday.
Turning to the data, November Retail Sales, which will include data for Black Friday, but not Cyber Monday will hit the tape on Tuesday followed by November Industrial Production. Ahead of the Fed on Wednesday, the Census Bureau will release their November numbers for Housing Starts and Building Permits. Then on Thursday, the BEA will revise their outlook for Q3 GDP one last time as the weekly data for initial and continuing jobless claims cross the tape. Finally, on Friday, we'll see data for November Personal Income & Spending as well as November data for PCE inflation. Remember, the financial media will play these numbers up for the sake of sensationalism, but given how late in the month, the PCE data is released, it rarely throws the street for much of a surprise.
Though we are technically in between earnings seasons, there will be enough names reporting their quarterly results this week, especially mid-week. On Wednesday morning, General Mills (GIS) $General Mills (GIS.US)$ will report, followed by both Lennar (LEN) $Lennar Corp (LEN.US)$ and Micron Technology (MU) $Micron Technology Inc (MU.CA)$ on Wednesday evening. Thursday morning brings results from Conagra Brands (CAG) $Conagra Brands (CAG.US)$ and FactSet Research (FDS) $FactSet Research Systems (FDS.US)$ , as we wait to hear from FedEx (FDX) $FedEx (FDX.US)$ and Nike (NKE) $Nike (NKE.US)$ after the closing bell that day. On Friday, we'll hear from Carnival (CCL) $Carnival (CCL.US)$ .
I have no position in these names.
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