With the Federal Reserve’s Federal Open Market Committee (FOMC) scheduled to hold a regular meeting next week, which will affect domestic monetary and monetary policy, trends in industrial activity at the end of last year and consumer price statistics for this month, who can measure the current state of our economy will be released. .
The National Statistical Office is expected to publish “2022 Annual Industrial Activity Trends in December 2022” on the 31st, and if the 4th quarter’s real gross domestic product (GDP) shrinks by more than 0.4% from the previous quarter, the revised provisional growth the rate for the 4th quarter is also expected to be lower.
On the 2nd of next month, the consumer price inflation rate for this month will also be released, and attention is focused on whether it will maintain a high of 5% following last month.
The government expects consumer price inflation to fall gradually from around 5% in the first quarter of this year to around 4% in the second quarter and 3% in the second half.
In US local time, on the 31st of this month and the 1st of next month, the Fed is scheduled to decide on the base rate through regular FOMC meetings.
YTN Lee Seung-yoon (risungyoon@ytn.co.kr)
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