The Fed's interest rate cut in December is expected, as traders reduced their bets on the Fed's loose policy path after a series of mixed data releases this week. The Dow fell 1.82% this week, and the S&P 500 fell 0.64%, ending its three-week rise, while the Nasdaq rose 0.34%. BTC has been rising for seven weeks, marking the longest continuous rise cycle since 2021. The last important monetary policy week in 2024 will attract investors' attention. According to statistics, at least 22 Central Banks, which account for two-fifths of the global economy, will determine borrowing costs by the close of next Friday, and the results are likely to highlight that the momentum of loose policy looks increasingly unbalanced as decision-makers weigh different risks for the next year.

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The following are the key points that the market will focus on in the new week:
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On Monday at 15:30, Christine Lagarde, President of the European Central Bank, delivered a speech;

On Tuesday at 04:45, Mark Carney, the Governor of the Central Bank of Canada, delivered a speech;
On Thursday at 03:00, the Fed will announce the interest rate decision and summary of economic projections;
On Thursday at 03:30, the head of the Federal Reserve, Lao Bao, held a monetary policy press conference;

The Central Bank of Japan announces the interest rate decision (specific time to be determined);
On Thursday at 14:30, Haruhiko Kuroda, the Governor of the Central Bank of Japan, held a monetary policy press conference;
On Thursday at 21:30, the revised annualized quarterly real GDP for the third quarter of the United States, the initial quarterly real personal consumption expenditure for the third quarter of the United States, and the Philadelphia Fed Manufacturing Index for December.
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It is worth mentioning that the Federal Reserve's preferred measure of basic inflation - the Personal Consumption Expenditures Price Index (PCE) - will be released next Friday. According to economists' predictions, the November PCE (excluding food and energy) to be released on Friday may pump 0.2%, which is the smallest pump in three months. The report will also show steady growth in consumer spending and income, indicating the resilience of the economy!