Posted 12/17/2023, 11:19:42 PM
Economic Data in Focus: BOJ Policy Speculation, U.S. Housing and Spending Figures, Final GDP
- Speculation that Bank of Japan may exit negative interest rates, but timing uncertain and rate hike seen as unlikely at upcoming meeting
- U.S. housing data releases this week will show effects of recent mortgage rate changes
- Personal income, spending data and PCE inflation on tap, positive data could spur hawkish Fed reactions
- Final Q3 GDP reading and consumer confidence data also due this week
- Light trading volumes expected in some markets nearing Christmas could cause outsized reactions to economic releases