Crucial Week Ahead: Key Reports to Influence Fed's Rate Policy Decisions This week, two significant economic reports are poised to shape the Federal Reserve’s approach to interest rate policy, amid growing market skepticism about imminent rate cuts. Firstly, the Commerce Department’s initial estimate of the fourth-quarter GDP for 2023 is set to be released on Thursday. Experts predict a modest 1.7% growth, marking the slowest pace since the 0.6% decline in Q2 of 2022. This data will provide a comprehensive overview of the U.S. economic growth in the final quarter of 2023. Following this, the Commerce Department will unveil the December reading of the personal consumption expenditures (PCE) price index on Friday. This index, a crucial measure for the Fed, is anticipated to show a 0.2% increase for the month and a 3% rise for the year, excluding the volatile food and energy sectors. These reports will be key in determining the Fed’s future monetary policy direction and are likely to significantly impact market reactions. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Israel Escalates Conflict with Hezbollah, Claims Killing of Top Commander in Beirut Strike READ MORE U.S. Job Growth Disappoints in April, Unemployment Ticks Up to 3.9% READ MORE Economic Optimism: Growth and Jobs Up, Inflation Down in 2024 Forecast READ MORE All Eyes on the Federal Reserve: What To Know This Week READ MORE China's Economy Struggles Gain Momentum: Inflation and Factory Prices Disappoint READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment