Key central bank meetings and data to provide outlook on growth, rates, and recession odds
• The Fed's final policy meeting of 2022 is on Wednesday, with a decision on rates and comments from Powell keenly watched for recession and rate cut clues.
• Other major central banks like the ECB and BOE also meet Thursday. Markets are betting on rate cuts next year, but policymakers warn it's too soon for such bets.
• Forecasters remain deeply divided on recession odds and Fed rate cuts. Data like PMIs and retail sales will provide latest views on growth.
• China policymakers meet to set 2023 growth targets and stimulus plans to boost weak confidence and demand. Property slump still an issue.
• Bitcoin has rallied to pre-2022 collapse levels, fueled by hopes of a US spot BTC ETF and Fed rate cut bets. But bank warnings of overdone gains persist.