The Federal Reserve will announce or interest rate decision on Wednesday at 2 PM ET. Fed chair Powell will speak at 2:30 PM ET.
The Fed decision is 1 of 4 central bank decisions next week. The reserve Bank of Australia will announce their rate decision on Monday night in the US (10:30 PM ET) The expectations are for no change at 3.60%. The Bank of Canada - coming off a 2nd consecutive strong employment report - is also expected to keep rates unchanged will announce on Wednesday at 9:45 AM (rate is currently at 2.25%). Finally, the Swiss National Bank is expected to keep rates unchanged at 0.0% when they announce on Thursday morning.
Of note is that the US employment report which typically would have been released today will be released until December 16. CPI data is also delayed until after the FOMC rate decision.
Below is a list of the major economic releases of events next week.
Monday, Dec 8
10:30pm AUD – Cash Rate: Forecast 3.60%, Previous 3.60%
AUD – RBA Rate Statement
11:30pm AUD – RBA Press Conference
Tuesday, Dec 9
4:00am JPY – BOJ Gov Ueda Speaks
USD – ADP Weekly Employment Change: Forecast — , Previous –13.5K
10:00am USD – JOLTS Job Openings: Forecast 7.14M, Previous —
Wednesday, Dec 10
8:30am USD – Employment Cost Index q/q: Forecast 0.9%, Previous 0.9%
9:45am CAD – BOC Rate Statement
CAD – Overnight Rate: Forecast 2.25%, Previous 2.25%
10:30am CAD – BOC Press Conference
2:00pm USD – Federal Funds Rate: Forecast 3.75%, Previous 4.00%
2:00pm USD – FOMC Economic Projections
2:00pm USD – FOMC Statement
2:30pm USD – FOMC Press Conference
7:30pm AUD – Employment Change: Forecast 20.3K, Previous 42.2K
7:30pm AUD – Unemployment Rate: Forecast 4.4%, Previous 4.3%
Thursday, Dec 11
3:30am CHF – SNB Monetary Policy Assessment
3:30am CHF – SNB Policy Rate: Forecast 0.00%, Previous 0.00%
4:00am CHF – SNB Press Conference
8:30am USD – Unemployment Claims: Forecast 221K, Previous 191K
Friday, Dec 12
2:00am GBP – GDP m/m: Forecast 0.1%, Previous –0.1%
