#美联储重启降息步伐
Next week's macro outlook: The highly controversial interest rate cut by the Federal Reserve is approaching, and gold enters a phase of great volatility.
Golden Finance reports that with U.S. economic data such as the "small non-farm" and PCE generally supporting expectations for a rate cut by the Federal Reserve next week, Wall Street's panic comes swiftly and goes just as quickly, with investors returning to bets on risk assets characterized by low volatility and high confidence. The Federal Reserve's interest rate decision will become the focus next week, as the market widely expects the Federal Reserve to lower rates following recent weak U.S. employment data. Here are the key points the market will focus on in the new week:
Tuesday 0:00, U.S. November New York Fed 1-year inflation expectations;
Tuesday 23:00, U.S. October JOLTs job openings;
Wednesday 3:00, Federal Reserve FOMC announces interest rate decision and economic projections summary; 3:30 Federal Reserve Chairman Powell holds a monetary policy press conference;
Thursday 21:30, U.S. initial jobless claims for the week ending December 6, U.S. September trade balance;
Friday 1:00, Federal Reserve releases data on the financial health of U.S. households in the Q3 2025 flow of funds report;
Friday 21:00, 2026 FOMC voting member, Philadelphia Fed President Harker speaks on the economic outlook; 21:30, 2026 FOMC voting member, Cleveland Fed President Mester speaks;
Friday 23:35, Chicago Fed President Goolsbee participates in a host dialogue before the 39th Annual Economic Outlook Symposium of the Chicago Fed.
The Federal Reserve's dot plot from September suggests two rate cuts in 2026. In contrast, the current market anticipates 63 basis points of easing in 2026, indicating a greater likelihood of betting on three rate cuts next year.
