The Federal Reserve is about to release significant data. Just last Friday, the U.S. Bureau of Labor Statistics released the non-farm payroll data for December of last year, which far exceeded expectations. This situation caused significant market fluctuations, disrupting the original market expectations. This week, several key pieces of data are set to be released, and investors need to be informed in advance to make appropriate plans and management.
First, on the evening of January 15, Beijing time, the U.S. CPI data for December 2024 will be released. According to market predictions, the month-on-month CPI growth rate is expected to be around 0.3%. This data is crucial as it can comprehensively reflect the overall inflation changes in the U.S. for 2024 and serves as an extremely important inflation measurement before the Federal Reserve's meeting in January 2025.
Secondly, on the evening of January 16, Beijing time, the U.S. retail sales data for December 2024 will also be officially released. This data is often referred to as “scary data,” and if it exceeds expectations like the non-farm payroll data, it could further reduce the market's expectations for a rate cut by the Federal Reserve. It is noteworthy that the U.S. retail sales data for November 2024 saw a month-on-month growth of 0.7% unadjusted for inflation, marking a new high since last September.
Lastly, on January 16, the Federal Reserve's Economic Conditions “Beige Book” for January 2025 will also be released. This Beige Book will reveal the economic, inflation, and employment expectations across the Federal Reserve's 12 districts, providing important references for investors to understand the overall economic situation in the U.S.