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Macroeconomic Outlook for Next Week: The probability of a rate cut in December has soared to 73%, and Powell's "mouthpiece" is closely monitoring the Beige Book.
PANews November 22 news, this week the situation in the Crypto Assets market is even worse. At the time of writing, the trading price of Bitcoin is around $83,000, down 35% from its ATH of $126,000, nearly completely erasing the rise since April. This week, the “king of crypto” has fallen 18%, marking the strongest single-week fall since mid-November 2022. November is expected to record the worst monthly performance since the market pullback in June 2022. Here are the key points the market will focus on in the new week: Monday 23:30, U.S. November Dallas Fed Business Activity Index; Tuesday 21:30, US September retail sales month-on-month, US September PPI; Tuesday 23:00, U.S. November Conference Board Consumer Confidence Index; Wednesday 21:30, Initial jobless claims in the US for the week ending November 22; For the United States, next week will not be very busy due to the Thanksgiving holiday, which means that data will be concentrated on the first three days of this week.