Dual central bank interest rate decisions from the U.S.
The FOMC is expected to deliver a 25bp rate cut with potential dissents, reflecting the tension between inflation risks and weakening employment. Federal Reserve (Fed) Gov.
The Personal Consumption Expenditures (PCE) Price Index rose 2.8% on a yearly basis in September, the US Bureau of Economic Analysis (BEA) reported on Friday. This print followed the 2.7% increase recorded in August and came in line with the market expectation.
American consumer confidence edged higher in early December, as households grew more optimistic about current conditions and the broader economic outlook, according to preliminary data from the University of Michigan.
European Central Bank (ECB) and Bank of France Governor Villeroy de Galhau said on Friday that their current "good position" of ECB policy does not mean a comfortable or fixed one at a conference in Paris.
Canada delivered another major jobs surprise with 54k new positions, pushing the jobless rate sharply lower. Markets priced in future hikes as yields spiked, though analysts still expect the Bank of Canada (BoC) to hold steady through 2026, TDS' economists Robert Both and Emma Lawrence note.
The Pound Sterling (GBP) trades little changed in subdued market conditions, with sentiment influenced by broader currency trends.