Central Bank
Market focus is on the bank's economic projections and the dot plot which may offer additional insights into the monetary policy trajectory
The total gross credit rose by 2.3 percent to $588 billion
Gold consolidated between $2,600 and $2,700 as traders bought dollars before key central bank meetings
Brent Oil Futures decreased by 0.2 percent, settling at $73.81 per barrel
Brent Oil Futures expiring in February fell 0.3 percent to $74.28 a barrel
Traders are pricing a 93.4 percent chance of a quarter-point cut during the Fed's December 17-18 meeting
The ECB unanimously decided to reduce the deposit rate by 25 basis points
In five days, the Federal Reserve will meet to decide on whether to cut interest rates this month
Traders currently expect a 98.6 percent chance that the Fed will cut rates by 25 basis points
Inflation data could help set market expectations for the Fed's 2025 policy
Headline inflation climbed to a record high of 38 percent in September 2023 after falling to 26.5 percent in October
