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Next week's macro outlook: The market focuses on the Fed chair nominee, and GDP data tests the "results" of the Fed's interest rate cut.
BlockBeats news, on December 21, next week will welcome the Christmas market, U.S. stocks will close early on Wednesday and be closed all day on Thursday. The market is focused on whether Trump will announce the nominee for the chairman of the Federal Reserve during the Christmas period. Currently, the probability of Kevin Hasset, the Director of the National Economic Council, becoming the next Federal Reserve chairman has once again greatly increased, at about 54%. The probability of Kevin Warsh, a former Federal Reserve Board member, being nominated is about 21%, and the probability of Christopher Waller, a Federal Reserve Board member, being nominated is about 14%. Important macro events and data next week are as follows: Tuesday: U.S. third-quarter real GDP annualized quarterly rate preliminary value; U.S. third-quarter real personal consumption expenditures quarterly rate preliminary value; U.S. third-quarter core PCE price index annualized quarterly rate preliminary value; Wednesday:
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