📰 Next Week’s Macroeconomic Outlook: Fed Minutes Will Reveal Disagreements on a December Rate Hike; Whether G7 Releases Strategic Oil Reserves Can Push Down Oil Prices Is in Focus
BlockBeats report, October 3: In the U.S., September non-farm payrolls this week added only 29,000 jobs, far below market expectations of 90,000. The August figure was also revised down by 133,000. The unemployment rate rose to 4.2%. After the non-farm release, market expectations for a Fed rate hike in October cooled noticeably. CME “FedWatch” data shows the probability of holding rates unchanged in October rose to 83.9%, while the probability of a rate hike in December is 66.1%. Meanwhile, the yield on the 10-year U.S. Treasury rose to as high as 5.36% at one point, and the U.S. dollar index hit a 17-month high.
Next week, market attention will center on the Fed’s September meeting minutes, the G7’s release of strategic petroleum reserves, long-end U.S. Treasury yields, and events such as the U.S. ISM Non-Manufacturing PMI.
For the Fed: the September meeting minutes will be released at 2:00 a.m. Beijing time on Thursday. As the market’s focus shifts from “whether to hike in October” to “whether to hike in December,” discussions in the minutes about inflation and employment risks, officials’ disagreements on further hikes versus pausing hikes, and whether the wording is more hawkish or more dovish compared with the post-meeting statement will become key highlights. …
◆ Viewpoints
· First look at the facts and market positioning; don’t jump to conclusions.
· The above is a retransmission of public information and does not constitute investment advice
$BNB #币圈热点 #行业动态
BlockBeats report, October 3: In the U.S., September non-farm payrolls this week added only 29,000 jobs, far below market expectations of 90,000. The August figure was also revised down by 133,000. The unemployment rate rose to 4.2%. After the non-farm release, market expectations for a Fed rate hike in October cooled noticeably. CME “FedWatch” data shows the probability of holding rates unchanged in October rose to 83.9%, while the probability of a rate hike in December is 66.1%. Meanwhile, the yield on the 10-year U.S. Treasury rose to as high as 5.36% at one point, and the U.S. dollar index hit a 17-month high.
Next week, market attention will center on the Fed’s September meeting minutes, the G7’s release of strategic petroleum reserves, long-end U.S. Treasury yields, and events such as the U.S. ISM Non-Manufacturing PMI.
For the Fed: the September meeting minutes will be released at 2:00 a.m. Beijing time on Thursday. As the market’s focus shifts from “whether to hike in October” to “whether to hike in December,” discussions in the minutes about inflation and employment risks, officials’ disagreements on further hikes versus pausing hikes, and whether the wording is more hawkish or more dovish compared with the post-meeting statement will become key highlights. …
◆ Viewpoints
· First look at the facts and market positioning; don’t jump to conclusions.
· The above is a retransmission of public information and does not constitute investment advice
$BNB #币圈热点 #行业动态
