Central banks globally are facing decisions on interest rates, with focus on US CPI.
From Investing.com: 2024-12-06 10:03:00
The Reserve Bank of Australia will announce its policy decision next week, with rates expected to be held at 4.35%. Governor Bullock remains cautious on inflation, delaying any rate cuts until at least April 2025. Economic data could push the RBA to sound more upbeat on inflation, impacting the Australian dollar. BoC faces a close decision on whether to cut rates by 25 bps or 50 bps, with economic factors and US trade threats playing a role. Fed awaits CPI data for December meeting, with a 25-bps cut likely. SNB set for possible 50-bps rate cut under dovish new Chairman. ECB expected to cut rates by 25 bps, with some uncertainty on the potential for a larger cut. Pound rebounds ahead of UK GDP data, with the budget causing uncertainty over the economy’s outlook.
Read more at Investing.com: Week Ahead: Central Bank Bonanza Begins, US CPI eyed too