What are the key events for December in the US stock market to watch? Such as FRB policy interest rates, statements by FRB Chairman Powell, and the US November Consumer Price Index.

The U.S. November ISM Manufacturing Business Conditions Index (December 3rd, Japan Time, Tuesday).
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Unexpected improvement in the U.S. October ISM Non-Manufacturing Business Conditions Index, supported by strong employment to bolster consumption, suggesting the Fed's gradual rate cuts.
[Market Reaction] Unexpected increase in the U.S. October ISM Non-Manufacturing Business Conditions Index, leading to dollar buying.

US November employment statistics (December 6th, Friday JST).
US October employment statistics
- Unemployment rate in October: 4.1% (Estimate: 4.1%, September: 4.1%)
- Number of non-farm sector employees in October: +0.012 million people (Estimate: +0.101 million people, September: +0.223 million people←+0.254 million people)
- Average hourly wage in October: +4.0% year-on-year (Estimate: +4.0%, September: +3.9%←+4.0%)
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Market reaction: USA October employment statistics, employment growth at its lowest level since 2020, resulting in selling pressure on the dollar.

- US November Consumer Price Index (December 11th, Wednesday Japan Time)
US October Consumer Price Index
- October Consumer Price Index: +2.6% year-on-year (estimate: +2.6%, September: +2.4%)
- October Core Consumer Price Index: +3.3% year-on-year (estimate: +3.3%, September: +3.3%)
- October Consumer Price Index: +0.2% month-on-month (estimate: +0.2%, September: +0.2%)
- October Core Consumer Price Index: +0.3% month-on-month (estimate: +0.3%, September: +0.3%)
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Market reaction: In October, US CPI matched expectations, increasing speculation on additional rate cuts in December, causing the dollar to weaken.

● US November Producer Price Index (December 12th, Thursday Japan time)
US October Producer Price Index
- October Producer Price Index: +0.2% month-on-month (Forecast: +0.2%, September: +0.1%←0.0%)
- October Producer Price Index core index: +0.3% month-on-month (Forecast: +0.2%, September: +0.2%←+0.2%)
- October Producer Price Index: +2.4% year-on-year (Forecast: +2.3%, September: +1.9%←+1.8%)
- October Producer Price Index core index: +3.1% year-on-year (Forecast: +3.0%, September: +2.9%←+2.8%)
- New initial jobless claims for the previous week: +0.217 million (estimates: 0.22 million, previous: 0.221 million)
- Number of continuing unemployment insurance recipients: +1.873 million people (estimates: 1.869 million people, previous: 1.884 million people ← 1.892 million people)
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[Market Reaction] U.S. October PPI accelerating, new initial jobless claims decreasing, dollar buying prevailing

U.S. November retail sales (December 17th, Tuesday, Japan time)
U.S. October retail sales
- October retail sales: +0.4% month-on-month (estimates: +0.3%, September: +0.8% ← +0.4%)
- October retail sales (excluding automobiles): +0.1% month-on-month (estimates: +0.3%, September: +1.0% ← +0.5)
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Market reaction: USA October retail sales revenue / November NY Fed Manufacturing Business Index, the dollar is remaining firm.

● FOMC meeting (Thursday, December 19th, Japan time)
US inflation rate has been persistently high, and with expectations of a soft landing for the US economy, there is a possibility that the dollar buying and yen selling anticipated the Federal Reserve Board's (FRB) rate cut will strengthen again after being put on hold.
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There is a possibility that the policy interest rate will be kept unchanged at the FOMC meeting held in December.
Federal Open Market Committee (FOMC) minutes (for the meeting on November 6-7th)

●USA personal consumption expenditure price index in NovemberJapan time December 20, Friday）
USA personal consumption expenditure price index in October
- October Core PCE price index: +2.8% year-on-year (estimates: +2.8%, September: +2.7%)
- October personal income: +0.6% from the previous month (estimates: +0.3%, September: +0.3%)
- October Personal Consumption Expenditure (PCE): +0.4% from the previous month (estimates: +0.4%, September: +0.6% ← +0.5%)
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Market reaction: U.S. core PCE price index and income accelerate, dollar selling pressure recedes.

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Exchange rate $USD/JPY (USDJPY.FX)$ 、 $EUR/USD (EURUSD.FX)$ 、 $EUR/JPY (EURJPY.FX)$ 、 $GBP/USD (GBPUSD.FX)$ 、 $GBP/JPY (GBPJPY.FX)$ etc
US bonds $U.S. 10-Year Treasury Notes Yield (US10Y.BD)$ 、 $U.S. 30-Year Treasury Bonds Yield (US30Y.BD)$ etc