Markets await key U.S. PCE inflation data and Michigan consumer sentiment figures today, following the Fed's hawkish stance on 2025 rate cuts earlier this week. The PCE price index, the Fed's preferred inflation gauge, is expected to show a slight uptick to 2.5% annually, while core PCE is forecast to rise to 2.9%. UK retail sales and German PPI data will provide further insights into price pressures and consumer behavior in Europe.
Economic Releases
07:00 AM GMT, United Kingdom - Retail Sales Data for November:
- Retail Sales YoY - Forecast: 0.8%; Previous: 2.4%
- Retail Sales MoM - Forecast: 0.5%; Previous: -0.7%
- Core Retail Sales YoY - Forecast: 0.7%; Previous: 2.0%
- Core Retail Sales MoM - Forecast: 0.0%; Previous: -0.9%
07:00 AM GMT, United Kingdom - Public Sector Finance Data for November:
- Net Borrowing - Forecast: 15.50B; Previous: 17.35B
- Net Cash Requirement - Previous: 11.133B
07:00 AM GMT, Germany - Producer Price Index Data for November:
- PPI YoY - Forecast: -0.3%; Previous: -1.1%
- PPI MoM - Forecast: 0.3%; Previous: 0.2%
01:30 PM GMT, United States - Personal Income and Spending Data for November:
- Personal Income MoM - Forecast: 0.4%; Previous: 0.6%
- Personal Spending MoM - Forecast: 0.5%; Previous: 0.4%
- PCE Price Index YoY - Forecast: 2.5%; Previous: 2.3%
- PCE Price Index MoM - Forecast: 0.2%; Previous: 0.2%
- Core PCE Price Index YoY - Forecast: 2.9%; Previous: 2.8%
- Core PCE Price Index MoM - Forecast: 0.2%; Previous: 0.3%
- Real Personal Consumption MoM - Previous: 0.1%
01:30 PM GMT, Canada - Retail Sales Data for October:
- Retail Sales MoM - Forecast: 0.7%; Previous: 0.4%
- Core Retail Sales MoM - Forecast: 0.2%; Previous: 0.9%
03:00 PM GMT, United States - University of Michigan Consumer Survey for December:
- Consumer Sentiment - Forecast: 74.0; Previous: 71.8
- Consumer Expectations - Forecast: 71.6; Previous: 76.9
- Current Conditions - Forecast: 77.7; Previous: 63.9
- 1-Year Inflation Expectations - Forecast: 2.9%; Previous: 2.6%
- 5-Year Inflation Expectations - Forecast: 3.1%; Previous: 3.2%
03:30 PM GMT, United States - GDP Data:
- Atlanta Fed GDPNow Q4 - Forecast: 3.2%; Previous: 3.2%
06:00 PM GMT, United States - EIA Data:
- Previous: 8.5K
08:30 PM GMT, United States - CFTC Speculative Net Positions
Central Bank Speakers
- 12:30 GMT - Fed's Mary Daly speaks on economic outlook and monetary policy. Key focus will be on any elaboration of the Fed's projected rate path for 2025 following Wednesday's hawkish shift
Daily summary: Precious metals euphoria continues unabated 📈
BREAKING: China issues implementation rules on port fees on US ships
France on the Brink
Economic calendar: light agenda kicking off an interesting week 📌
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
