The year may be winding down, but for market participants it will still be a busy week ahead.
It is central banks galore over the next few days, with the Federal Reserve grabbing the spotlight. The Fed’s final monetary policy rate decision of the year will come on Wednesday, followed by the Bank of Japan and the Bank of England on Thursday.
Despite some hotter than expected inflation data this week, traders are near certain that the Fed will deliver a quarter-point interest rate cut.
Ahead of the Fed, Wall Street will receive November U.S. retail sales data. After the Fed decision, the focus will shift to an update on Q3 GDP growth and the November personal income and outlays report – which will contain a reading on the Fed’s favorite inflation gauge, the core personal consumption expenditures price index.
In terms of the earnings season, there are a few major names scheduled to announce their results, including memory chipmaker Micron Technology (MU), delivery giant FedEx (FDX) and the world’s biggest shoe company, Nike (NKE).
Earnings spotlight: Tuesday, December 17 – Heico (HEI), Amentum Holdings (AMTM), and Worthington Enterprises (WOR). See the full earnings calendar.
Earnings spotlight: Wednesday, December 18 – Micron Technology (MU), Lennar (LEN), General Mills (GIS), Jabil (NYSE:JBL), and Toro (TTC). See the full earnings calendar.
Earnings spotlight: Thursday, December 19 – Accenture (ACN), Nike (NKE), Cintas (CTAS), FedEx (FDX) and Paychex. (PAYX). See the full earnings calendar.
Earnings spotlight: Friday, December 20 – Winnebago (WGO). See the full earnings calendar.
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