The upcoming week is set to be pivotal for global financial markets, with significant central bank meetings scheduled. The U.S. Federal Reserve is expected to announce a 25 basis point rate cut during its two-day Federal Open Market Committee (FOMC) meeting, concluding on December 18. This would lower the target range to 4.25%-4.50%. Fed Chair Jerome Powell's comments on future monetary policy will also be closely scrutinized. Additionally, the Bank of Japan is anticipated to hold its rates steady, while the Bank of England is expected to pause its rate adjustments. Key economic data releases this week include the final estimate of U.S. Q3 GDP growth, projected at 2.8%, and the U.S. PCE inflation data for November, which will be released on December 20. Investors will also be watching retail sales figures and initial jobless claims, as well as earnings reports from major companies such as Nike, FedEx, and Micron Technology.