PU Prime App

Exclusive deals on mobile

  • Market Insights  >  Weekly Outlook

8 December 2023,01:37

Weekly Outlook

Economists Anticipate The Fed To Keep Rates Steady In December

8 December 2023, 01:37

Share on:
Share on:

Tuesday, 12 Dec, 15:30 – US CPI (MoM) (Nov)

In October, the Consumer Price Index (CPI) remained at 0.0%, below the predicted 0.1%, sustaining stability after a 0.4 percent rise in September. The broader all items index indicated a slowdown, reflecting a trend of price stability across various sectors.

Wednesday, 13 Dec, 09:00 – UK GDP (MoM) (Oct)

September saw a 0.2% GDP increase, driven by professional, scientific, and technical sectors. However, elevated interest rates significantly slow the economy, with economists predicting prolonged stagnation ahead.

Wednesday, 13 Dec, 20:00 – US Fed Interest Rate Decision

The Federal Reserve is expected to maintain the current interest rate range of 5.25% to 5.5% in the upcoming decision next week. This stance comes as October’s Consumer Price Index indicates a continued downward trend in inflation.

Thursday, 14 Dec,14:00 – UK BoE Interest Rate Decision (Dec)

Bank of England governor Andrew Bailey consistently cautioned that despite a notable decline in consumer price inflation, the BoE is unlikely to reduce UK interest rates anytime soon. Expectations suggest interest rates may remain at elevated levels.

Thursday, 14 Dec,15:15 – EU ECB Interest Rate Decision (Dec)

The European Central Bank confirmed no rate cuts in the next couple of quarters. However, some economists now expect the ECB’s first interest rate reduction to occur in the second quarter of 2024.

Start trading with an edge today

Trade forex, indices, metal, and more at industry-low spreads and lightning-fast execution.

  • Start trading with deposits as low as $50 on our standard accounts.
  • Get access to 24/7 support.
  • Access hundreds of instruments, free educational tools, and some of the best promotions around.
Join Now

Latest Posts

Fast And Easy Account Opening

Create Live Account
  • 1


    Sign up for a PU Prime Live Account with our hassle-free process.

  • 2


    Effortlessly fund your account with a wide range of channels and accepted currencies.

  • 3

    Start Trading

    Access hundreds of instruments under market-leading trading conditions.

Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.

Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.

By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.

Thank You for Your Acknowledgement!

Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.

Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.

Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.

Thank You for Your Acknowledgement!