“The Federal Reserve is in the spotlight again! Powell's speech and October CPI data may determine the future direction of the market”
Next week, Federal Reserve officials will make a series of appearances, especially the highly anticipated Powell, who will speak on Friday. According to the latest Federal Reserve policy statement, references to progress on inflation have been removed, instead emphasizing the dual risks of employment and inflation, which undoubtedly adds more uncertainty to the market. Investors should closely monitor officials' views on the 'return of Trump' and the possibility of the Federal Reserve pausing interest rate cuts. Meanwhile, on Wednesday of next week (Beijing time 21:30), the U.S. October CPI data will be released, and the outcome of this data will directly impact the market's expectations for Federal Reserve interest rate cuts.
Currently, market sentiment is facing a significant test, and investors need to prepare in advance, especially for risk management concerning risk assets like cryptocurrencies. With the dual 'tests' of Powell's speech and CPI data, the market may experience a crucial turning point next week.
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