Global Market – US Fed meeting on 13-Dec-23 & US CPI & Core CPI Inflation in focus
This week, we would focus on economic data CPI & Core CPI inflation data due to be released on 12-Dec-23 ahead of US Fed meeting. We would focus on economic data released this week and whether this narrative of interest rate peaking will change or not
US Economic data in last week & Upcoming week
Global market continues to trade near its recent high as optimism on interest rate hike cycle may have ended and interest rate would remain at current level from some time and expectation of rate to come down is later in 2024.
Equichain Wealth Advisors: Market View & Opinion
Key data is yet to be released next week, a day ahead of US Fed meeting outcome, we assume that US Fed will be well aware about the trend which will be considered in the US Fed meeting outcome due on 13-Dec-23. Currently Fed fund rate monitor tool indicate 94.3% probability of rate to remain unchanged on 13-Dec-23.
We remain cautiously optimistic and we are not expecting any surprise in US Fed decision or any big movement in any of the asset classes as reaction to US Fed meeting outcome. We expect US Fed to keeps interest rate unchanged and commentary of US Fed chair Jerome Powell will be important