WoW Street

According to BlockBeats, data from CME's FedWatch Tool indicates a 24.4% probability that the Federal Reserve will cut interest rates by 25 basis points in January next year, while there is a 75.6% chance that rates will remain unchanged.Looking ahead to March, there is a 50.5% probability that the Federal Reserve will maintain the current interest rates. The likelihood of a cumulative 25 basis point rate cut by then is 41.4%, and there is an 8.1% chance of a cumulative 50 basis point reduction.The upcoming Federal Open Market Committee (FOMC) meetings are scheduled for January 28 and March 18, 2026.

According to BlockBeats, this week has been particularly challenging for risk assets, with U.S. stocks under significant pressure. Despite Nvidia's strong earnings report and optimistic comments from its CEO, the negative trend persisted. The cryptocurrency market fared even worse, with Bitcoin experiencing an 18% drop, marking its steepest weekly decline since mid-November 2022.Key economic events to watch in the coming week (all times in UTC+8) include:- Tuesday 21:30: U.S. September retail sales monthly rate and U.S. September PPI.- Wednesday 9:00: Reserve Bank of New Zealand's interest rate decision.- Wednesday 21:30: U.S. initial jobless claims for the week ending November 22.- Thursday 03:00: Federal Reserve's Beige Book on economic conditions.- Thursday (time TBD): Bank of Korea's interest rate decision.- Friday: New York Fed President Williams will deliver a speech.Jefferson's insights are potentially informative, as his views often align closely with those of Federal Reserve Chair Powell. Since joining the Fed three years ago, Jefferson's voting record has consistently matched Powell's. It is noteworthy that due to the Thanksgiving holiday in the U.S. on Thursday and the early market closure on "Black Friday," next week's trading days will be shortened, leading to significantly reduced market liquidity.

According to Odaily, a spokesperson from the U.S. Labor Department announced plans to release missing weekly unemployment claims data by Thursday. Ryan Honick, the spokesperson, noted that due to technical issues, initial data for the week ending October 18 was prematurely released, showing 232,000 claims. The department will not issue a press release for the missing data, which will be directly available on its website. Additionally, the Labor Department plans to release September's Producer Price Index (PPI) data at 21:30 UTC+8 on November 25, and the Import and Export Price Index on December 3 at the same time. The U.S. Commodity Futures Trading Commission (CFTC) also announced it will begin publishing trader position reports this week, with the first report expected early Thursday morning UTC+8. The CFTC aims to release up to two reports weekly until January 23, when the publication schedule will return to normal.