US yields rise, PCE data below expectations, BoJ holds rates, risk of US shutdown

From Investing.com: 2024-12-23 00:33:00

The Federal Reserve’s policy change and economic projections have caused a rise in US yields, impacting markets significantly. The US PCE data released rose less than expected, providing some relief for US equities. The Bank of Japan surprised by holding rates steady, as the risk of a US government shutdown increased. With thin liquidity expected due to the Christmas holiday, markets are likely to see range-bound trade. Looking ahead, Tokyo inflation data and UK GDP Q3 data are key highlights for the upcoming week, with a possible rate cut in Turkey on the horizon.



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