The coming week could be historic. The previous raise of US interest rates happened in 2006. Despite many economists believe that Federal Reserve Chair Janet Yellen will proclaim the interest rates hike, the chances it won’t happen this year are still quite high. So, on Wednesday, December 16 we will know it for sure.
(All times are GMT)
On Monday, at 11:00am ECB President Draghi will speak at Prometeia’s conference, in Italy.
On Tuesday, at 12:30am detailed record of the Reserve Bank of Australia Board’s most recent meeting will be released.
At 9:30am we will get information about Consumer Price Index (CPI) from UK Office for National Statistics.
At 10:00am German ZEW Economic Sentiment from Zentrum fur Europaische Wirtschaftsforschung will be released.
At 1:30pm we are waiting information from US Bureau of Labor Statistics about monthly CPI and Core CPI.
The same time, at 1:30pm monthly Manufacturing Sales will be provided by Statistics Canada.
At 4:45pm Bank of Canada Governor Stephen Poloz holds a press conference about the Financial System Review, in Ottawa.
On Wednesday, at 8:00am French Flash Manufacturing PMI will be released by Markit.
At 8:30am the German Flash Manufacturing PMI also will be provided by Markit.
At 9:30am UK Office for National Statistics will announce data from labor market – Average Earnings Index and Claimant Count Change.
At 1:30pm Building Permits in US will be published by Census Bureau.
At 7:00pm will happen probably the most expected event by many traders – US Federal Reserve will release the detailed record of the FOMC’s most recent meeting. FOMC statement will follow with information about Federal Funds Rate. Later on the Press Conference Janet Yellen will unveil the reasons behind decision.
At 9:45pm Statistics New Zealand will release quarterly GDP.
On Thursday, at 9:00am German Ifo Business Climate will be announced.
At 9:30am Great Britain’s Office for National Statistics will inform us about monthly Retail Sales.
At 1:30pm US Department of Labor will announce number of Unemployment Claims – the number of individuals who filed for unemployment insurance for the first time during the past week.
The same time, at 1:30pm Philly Fed Manufacturing Index will be released by Federal Reserve Bank of Philadelphia.
On Friday, at 1:30pm Statistics Canada will issue statistics about monthly Core Retail Sales and Core CPI.
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