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This week marks the final Federal Reserve meeting of the year in the U.S., along with the awaited release of Consumer Price Index (CPI) and Producer Price Index (PPI) figures. Additionally, on Thursday, Intel will host an event to launch its AI products.

#FinancialNews #FedReserve #Inflation #AI #Intel

πŸ“„ Quarterly Reports:

Total companies: 39.
Reporting companies in the S&P index: 7.

Major names:
βœ… Oracle (ORCL): Dec 11, after-market.
βœ… Adobe (ADBE): Dec 13, after-market.
βœ… Costco Wholesale (COST): Dec 14, after-market.
βœ… Lennar (LEN): Dec 14, after-market.
βœ… Johnson Controls (JCI): Dec 12, before-market.
βœ… Darden Restaurants (DRI): Dec 15, before-market.
βœ… Jabil (JBL): Dec 14, before-market.

πŸ‡ΊπŸ‡Έ On December 12, the U.S. is set to release the Consumer Price Index (CPI) for November. A slowdown in year-on-year inflation is anticipated, decreasing to 3.1% from 3.2% in October.

On December 13, Producer Price Index (PPI) data for November will be released. A year-on-year deceleration in price growth to 1% is forecasted after a 1.3% increase the previous month. The core index (excluding food and energy prices) may decrease to 2.2% from 2.4% in October.

On December 13, the U.S. Federal Reserve will announce its decision on the benchmark interest rate. The market is 98% confident that the regulator will maintain the range of 5.25%-5.5% annually.

December 14 will bring retail sales statistics for November in the U.S., potentially influencing the holiday season shopping trends.

Also on December 14, Intel (NASDAQ: INTC) will host the AI Everywhere event, showcasing its developments in artificial intelligence. Intel will be the latest among major chip manufacturers to present such innovations. A similar event last week boosted Advanced Micro Devices' stock by 7% in a day.

By the way, a day earlier, Adobe will release a report that will also help gauge demand for its new AI solutions.

Finally, on December 15, industrial production data for November in America will be examined. Following a decline of 0.6% in October, a growth of 0.3% is expected.

πŸ‡¬πŸ‡§ On December 14, the Bank of England will announce its decision on the key interest rate. No changes are anticipated, and the rate is expected to remain at 5.25%.