Real-Time Update: December 11, 2023 – Wall Street Prepares for Inflation Data and Fed Meeting, Expecting a Subdued Opening
December 11, 2023 Market Watch: Wall Street Waiting on Economic Indicators and Federal Reserve Meeting
Wall Street Braces for Important Week Ahead with Fed Meeting and Inflation Data
The upcoming week is packed with crucial events, which include the Federal Reserve’s policy meeting and inflation data. These will be significant tests for investor confidence in the possibility of interest rate cuts next year.
The Consumer Price Index (CPI) data, which is to be released on Tuesday, will be the next focal point, with November’s headline inflation expected to remain unchanged. Wednesday will see the year’s last interest rate decision by the Fed. One expert commented on the situation: “Tomorrow’s CPI data will likely confirm that inflation is on a downward trend and that quantitative tightening is contributing to a decline in inflationary trends. This does not, however, suggest that we will experience a recession.”
Assam bypolls
Assam bypolls: BJP's Diplu Ranjan Sarmah wrests Samaguri seat from Congress, defeating Tanzil Hussain by 24,501 votes.
