Upcoming Economic Data Releases May Influence Fed's Policy Outlook

According to ChainCatcher, BMO Capital Markets strategist Ian Lyngen has highlighted that a series of 'reissued' economic data will be released in the coming weeks, which could significantly impact policy outlooks. Consequently, Federal Reserve Chair Jerome Powell is likely to remain non-committal after the December meeting, avoiding any definitive promises regarding the interest rate decision for January. Lyngen emphasized that during this period, the U.S. Bureau of Labor Statistics will publish several key economic reports, and the cumulative effect of this information will redefine market perceptions of economic performance.