Next Week's Macro Outlook: Market Focuses on Federal Reserve Chair Nominee, GDP Data to Test Fed Rate Cut "Results"

BlockBeats News, December 21, next week will see the Christmas market, with the US stock market closing early on Wednesday and closed all day on Thursday. The market is focused on whether Trump will announce the nominee for Federal Reserve Chair during Christmas. Currently, Kevin Hasset, Director of the US National Economic Council, has once again taken a significant lead as the next Federal Reserve Chair with a probability of about 54%. Former Federal Reserve Governor Kevin Warsh has a nomination probability of about 21%, and Federal Reserve Governor Christopher Waller has a nomination probability of about 14%. The key macro events and data for next week are as follows:

Tuesday:

US Q3 real GDP annualized quarterly initial value;

US Q3 real personal consumption expenditure quarterly initial value;

US Q3 core PCE price index annualized quarterly initial value;

Wednesday:

Bank of Canada releases minutes of monetary policy meeting;

US initial jobless claims for the week ending December 20;

Thursday:

Bank of Japan Governor Kazuo Ueda delivers a speech at the Japan Business Federation;

Japan November unemployment rate;

Market closure reminder: On Wednesday, the Hong Kong Stock Exchange will have a half-day session, and the New York Stock Exchange will close early at 02:00 on the 25th (UTC+8). On Thursday, US stock markets will be closed for Christmas.