Next week is a week of heightened uncertainty, with no events in particular focusing on global markets.
1. No Fed officials spoke
2. No important economic data
The personal consumption expenditures (PCE) price index released on Thursday hit its second lowest level this year. This is the core inflation indicator valued by Federal Reserve Chairman Powell and is an indicator that can more accurately reflect the direction of inflation. This data gives the Federal Reserve reason to slow down interest rate increases.
However, Friday's strong non-farm payroll data showed that employment is still so strong after the Federal Reserve continued to raise interest rates sharply this year. The strategy of raising interest rates to cool the labor market was ineffective, subverting the Federal Reserve's original intention of raising interest rates and Wall Street's predictions.