The upcoming week is poised to be pivotal for global markets with several key economic events scheduled. On Tuesday, the U.S. will release consumer confidence data, followed by a Federal Reserve rate decision on Wednesday. The Bank of Canada is also expected to announce its rate decision on the same day, with projections indicating a possible 0.25% cut. Thursday will feature the European Central Bank's rate decision and the U.S. Q4 2024 GDP growth rate. Finally, Friday will see the release of U.S. personal consumption expenditures (PCE) inflation data for December, alongside personal income and spending figures. Approximately 20% of S&P 500 companies are set to report their Q4 earnings during this week, adding to the significance of the economic landscape.