Macroeconomic Outlook for Next Week: Fed's Week of Guidance, Data Flood Approaches

PANews November 29 news, due to the CME “pulling the plug” on Friday because of a data center failure, this week Spot gold and silver experienced severe Fluctuation, and continued to pump after the futures prices resumed quoting. The price of gold rose nearly $150 this week, returning to above $4200; the rise of silver was even more fierce, once surging to $56, setting a new historical high. Next week, the Fed will enter its customary “quiet period” before the December meeting, and many economic data will be announced. In addition, with large traders returning from vacation, the market may experience significant Fluctuation next week. Here are the key points that the market will focus on in the new week: Monday 22:45, US November S&P Global Manufacturing PMI final value; On Tuesday at 09:00, Fed Chairman Powell will speak at a commemorative event; On Tuesday at 23:00, Fed Governor Bowman will testify before the House Committee. Wednesday 21:15, US November ADP Employment Change; Wednesday 22:45, US November S&P Global Services PMI Final; Thursday 20:30, U.S. November Challenger Job Cuts; Thursday 21:30, initial jobless claims in the United States for the week ending November 29; Friday 23:00, the preliminary values for the US December one-year inflation rate, December University of Michigan Consumer Confidence Index, September Core PCE Price Index year-on-year, September Personal Consumption Expenditures month-on-month, September Core PCE Price Index month-on-month. After several Fed speakers delivered a series of hawkish remarks, doves made a comeback in the past 10 days, bringing the prospect of a rate cut back to the negotiating table for the December meeting. This caused the probability of the Fed cutting rates by 25 basis points on December 10 to soar from around 25% to nearly 80%, a dramatic turnaround that resonated in the financial markets. Fed officials typically guide Wall Street toward their final decision before meetings to avoid surprises. Over the past two-plus years (covering a total of 20 Fed meetings), traders have only failed to fully digest the outcomes three times when approaching policy decisions.