It's the great end-of-year rush. There will be something for everyone today on the financial markets, such as an avalanche of macroeconomic indicators, a monetary policy decision by the Fed, the IPO of a digital company (Wish), a merger in cannabis (Tilray and Aphria), advances in vaccine licensing and even some results from companies lagging behind. In addition, new records were hit yesterday on Wall Street.

Today, Jerome Powell will talk about monetary policy and comment on his latest macroeconomic projections. But the last meeting of the year is not without risks for central bankers.

While the institution should remain very dovish, there are some unknowns about what it will say on its bond buying program, with several analysts expecting the Fed to change the duration of its $80 billion Treasury purchases.

In any case, investors will focus on every word from Powell in this balancing act. What is certain is that the accommodating policy will remain in place for quite some time and that it has proven its worth by allowing the financial sector to continue to play its role. For the rest, we might as well postpone to 2021 the issues that are causing annoyance and take advantage of the end of the year to take a breather.

December Flash PMI indices for the month of December are back today, almost everywhere in the world, especially in the euro zone and the United States. In November, Japanese exports failed against all odds.