Statesments and Forecast
“[FOMC] The meeting summary contained multiple statements indicating that officials are comfortable with the pace of inflation, even though by most measures it remains above the Fed’s 2% goal.
“[BOJ] Japan’s stronger Consumer Price Index and steady corporate service inflation reaffirmed Bank of Japan Governor Kazuo Ueda's view that the economy was progressing towards sustained wages-driven inflation.
This keeps the door open for another BoJ interest rate hike in December
“[ECB] The European Central Bank (ECB) has signaled growing consideration of rate cuts, according to the accounts of its November meeting. While inflation is expected to ease, mainly due to falling energy prices, officials remain cautious about domestic inflationary pressures, particularly strong wage growth and sluggish labor productivity.
“[BOE] The current Bank rate is 4.75%, previous 5
“[Metal] US macro data dump pointed to a still resilient US economy and stalled progress on inflation. This suggests that the Federal Reserve (Fed) might be cautious about further rate cuts and triggers a modest bounce in the US Treasury bond yields, which helps revive the US Dollar (USD) demand and is seen undermining the non-yielding yellow metal.
“[Crude Oil]
Disappointing diesel demand remains a headache for refiners as US product supply of distillate fuel oil dipped 6% year-over-year in 2024 to date amidst declining manufacturing activity and higher biofuel consumption
—TradingEconomic
Interest Rates Anoucement
FED Annoucement
Date of Next Announcement: 18th December, 2024
FED Interest Rate Decision:
Actual :4.75
Previous :5
Latest Release 7th November , 2024
BOJ Annoucement
Date of Next Announcement: 18th, December, 2024
Japan Interest Rate Decision:
Actual: 0.25
Forecast: 0.25
Previous:0.25
Latest Release 31 October, 2024
ECB Accouncemnt
Date of Next Announcement: 12nd, December, 2024
Euro Interest Rate Decision:
Actual: 3.4
Forecast:
Previous: 3.65
Latest Release: Oct 17, 2024
