On Tuesday and Wednesday this week the FOMC is expected to meet. Analysts expect that the commission will not make a major announcement, however it is expected to publish a prediction regarding the state of the United States economy and inflation. The interest rate is expected to remain at the current level of 0-0.25%.
Furthermore, data from the American real estate market is expected to be published this week, with the S&P/Case-Shiller 20-City Home Price Index to be published on Tuesday, and the new home sales data to be published on Wednesday. Analysts predict a 1.7% drop to be shown on the Case-Shiller index for November – the sharpest drop since December 2009.
On Friday, American GDP data for the fourth quarter of 2010 will be published. Economist’s state that 3.5% GDP annualized growth will be shown in the fourth quarter of the last year as compared to growth of only 2.6% in the third quarter.
