Key economic events to watch this week

The Federal Reserve is expected to cut interest rates by 0.25% this week, but future moves are unclear as Trump prepares to return to the White House.

This week’s retail sales, GDP and services PMI data will show how the economy is holding up in the face of inflation and higher interest rates.

The Bank of Japan is unlikely to raise rates due to political deadlock, while the Bank of England is expected to keep rates steady at 4.75%.

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