AI Research
1
Search authoritative financial news and economic calendars (e.g., Bloomberg, Reuters, CNBC, MarketWatch, Investing.com, official government and central bank sites). Focus on upcoming events for this week (Monday–Sunday), including but not limited to: Central bank meetings and policy announcements (e.g., Fed, ECB, BoJ, BoE, PBoC). Major economic data releases (e.g., CPI, PPI, jobs reports, GDP, retail sales, PMI). Major geopolitical events or elections with potential market impact. Notable regulatory or legislative developments.
Summary — Key economic events for the week of November 25–December 1, 2024
Major recent development
- Federal Reserve (Dec 18, 2024): cut rates 25 bps to 4.25–4.50%. Fed’s dot plot signaled likely two further cuts in 2025; one dissenter (Cleveland Fed President Beth Hammack).
U.S. economic data highlighted for the week
- PCE (headline and core) — expectations cited (core and headline yoy figures noted in the original text). PCE is the primary inflation read for the Fed.
- Initial jobless claims — weekly report (expectation cited for week ended Nov 22).
- Personal income (m/m) — a monthly read noted as expected to show 0.4%.
- Chicago PMI (Nov) and New Home Sales (Oct annualized rate) also mentioned.
Central bank notes
- Fed: next scheduled FOMC meeting listed as Jan 28–29, 2025; recent Fed language adopted a more cautious qualifier on the timing/extent of further cuts.
- Bank of Japan: described as leaving policy unchanged at its Dec 2024 meeting but raising rates in Jan 2025.
- European Central Bank: noted to have begun cutting rates in June 2024 (main rate cited as falling to ~2.0%).
Market impact / context
- Inflation described as stickier-than-expected (core CPI showing recurring monthly rises).
- GDP and growth: recent data described as showing stronger growth (acceleration to ~2.8% over the prior three months in the original text).
- BEA schedule: some release rescheduling noted due to post-shutdown adjustments (e.g., GDP timing changes).
Bottom line
- This week’s market focus (Nov 25–Dec 1, 2024) is on U.S. inflation (PCE) and labor market data (weekly claims), with broader attention to how recent Fed decisions and persistent inflation readings are shaping expectations for 2025 rate moves.