Today is Tuesday the 20th of December, here are some of the things to look out for today
7/10 Economists predict that the US economy will enter a recession next year, slashing demand forecasts and lowering inflation projections in the aftermath of the Federal Reserve's massive interest-rate hikes.
Inflation, as measured by the Fed's preferred gauges — the personal consumption expenditures prices index and the index that excludes volatile food and energy components — is expected to soften but remain well above the central bank's 2% target.
The drop in headline inflation that accompanied the latest batch of CPI data provided central banks in the United States, the Eurozone, and the United Kingdom with the necessary cover to orchestrate a slowing of the pace of tightening.
Bank of Japan Governor Haruhiko Kuroda stunned markets by doubling a 10-year yield cap, sending the yen higher and government bonds lower in a move that could pave the way for policy normalization under a new governor.
Chinese banks kept their benchmark lending rates unchanged for the fourth month in a row, with economists predicting a possible reduction in the mortgage reference rate in the coming months to help the struggling real estate sector.
8:30 AM ET
US Housing Starts Number for November - Median Forecast: 1.4M | Range: 1.45M / 1.25M | Prior: 1.425M
Canadian Retail Sales MoM for October - Median Forecast: 1.5% | Range: 1.6% / 0.3% | Prior: -0.5%
10:00 AM ET
Eurozone Consumer Confidence Flash (Prelim) for December - Median Forecast: 22 | Range: -20 / -26 | Prior: -23.9