Next Week's Macro Outlook: The Federal Reserve Will Release the Beige Book on Economic Conditions, Williams Will Deliver a Speech
ChainCatcher News, according to Golden Ten Data, risk assets experienced an extremely difficult period this week, with US stocks under tremendous pressure. Interestingly, despite Nvidia releasing strong financial results and its CEO making optimistic comments, this failed to reverse the negative momentum. The situation in the cryptocurrency market was even worse.
This week, bitcoin fell by 18%, marking its strongest weekly decline since mid-November 2022. Here are the key points the market will focus on in the new week (all times UTC+8):
Tuesday 21:30 (UTC+8): US September retail sales monthly rate, US September PPI;
Wednesday 9:00 (UTC+8): Reserve Bank of New Zealand announces interest rate decision;
Wednesday 21:30 (UTC+8): US initial jobless claims for the week ending November 22;
Thursday 03:00 (UTC+8): Federal Reserve releases Beige Book on economic conditions;
Thursday (time to be determined): Bank of Korea announces interest rate decision;
Friday: New York Fed President Williams will deliver a speech.
Jefferson's views carry potential weight, as his opinions often align closely with those of Federal Reserve Chairman Powell. Since joining the Fed three years ago, Jefferson's votes have consistently matched Powell's. Notably, due to the Thanksgiving holiday in the US on Thursday and the early market close for "Black Friday" on Friday, next week's trading days will be shortened and market liquidity will be significantly reduced.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Spot Solana ETF saw a net inflow of $127.9 million in the past week
In the past 24 hours, total liquidations across the network reached $329 million, mainly long positions.
