Good Morning Traders.
It is Thursday the 14th of December, and here is what to look out for today.
Sentiment
After controlling an inflation surge without a recession or major damage to employment, the Federal Reserve signaled it was considering undoing the sharpest interest rate hikes in a generation next year.
According to analysts, the FOMC is giving a clear signal that the tightening cycle has ended.
Fed Chair Powell's post-meeting comments sounded exceedingly dovish, barely pushing back against the prospect of imminent rate decreases.
After over a year of raising borrowing costs, all eyes will be on how firmly the European Central Bank responds to wagers on interest rate reduction.
Docket
08:30 ET
US Retail Sales for November
MoM - Median Forecast: -0.1% | Prior: -0.1% | Range: 0.3% / -0.6%
Core MoM - Median Forecast: -0.1% | Prior: 0.1% | Range: 0.4% / -0.5%
Weekly Jobless Claims Data
Initial - Median Forecast: 220K | Prior: 220K | Range: 237K / 203K
Continued - Median Forecast: 1.881M | Prior: 1.861M | Range: 1.91M / 1.85M
10:00 ET
US Business Inventories MoM
Median Forecast: -0.1% | Prior: 0.4% | Range: 0.4% / -0.2%
Good luck!