Broker Check
Inflation & Central Banks are Front and Center this Week

Inflation & Central Banks are Front and Center this Week

December 14, 2023

Last week the market had another quiet week with slightly positive gains. Stock market movement has been relatively mellow since Thanksgiving, possibly in anticipation of the slew of mid-December economic reports that we are now amid.

Last Friday the reports kicked off with a good jobs report showing that employment continues to stay strong, while the workforce imbalance between job offerings and employees capable of filling those jobs is moderating. This imbalance was a big concern for the Fed and a factor in the high inflation of 2021 - 2023. Regarding inflation, the first of two inflation reports came out this morning and was generally in-line with expectations. Tomorrow morning the second report will be released and will hopefully show that the downward trend is still intact.

On Wednesday the Federal Reserve will finish their last policy meeting of 2023 and are expected to keep rates unchanged. Thursday we will see central bank meeting decisions from the European Central Bank, Bank of England, Swiss National Bank, and Norges Bank of Norway. The policy decisions from these important institutions will likely move the market this week and through the end of the year.

Photograph by: Aditya Vyas on Unsplash

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