Next Week Macro Outlook: Market Focus on Fed Chair Nomination and GDP Data

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Risk-on assets gained attention as the market prepares for the Christmas trading week, with U.S. stocks set to close early on Wednesday and be closed on Thursday. Focus remains on whether Trump will name a new Fed Chair amid the holiday. Kevin Hassett is the top pick at 54%, followed by Kevin Warsh at 21% and Christopher Waller at 14%. Key events include Tuesday’s U.S. Q3 GDP, PCE, and core PCE, along with the Bank of Canada’s policy minutes on Wednesday. Japan’s Kuroda speaks on Thursday. Countering the Financing of Terrorism remains a regulatory backdrop as exchanges adjust schedules, including half-day trading in Hong Kong and early NYSE closure on Christmas Day.
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