According to Wu Blockchain, last week the IMF lowered its global economic forecast for next year, and the Federal Reserve's Beige Book on economic conditions showed that the US economy continued to be weak; this week will usher in a double "bombardment" of the Federal Reserve's inflation and employment indicators. The strong combination of the US core PCE in September and the October non-farm report will be an important factor affecting the Fed's subsequent pace of interest rate cuts.
This week's key events (Eastern Time Zone 8)
October 30
U.S. ADP employment in October (10,000 people) (20:15)
U.S. third quarter real GDP annualized quarterly rate preliminary value (20:30)
Initial value of the annualized quarterly rate of the US core PCE price index in the third quarter (20:30)
October 31
Bank of Japan announces interest rate decision and outlook report
Number of initial jobless claims in the United States for the week ending October 26 (10,000 people) (20:30)
U.S. core PCE price index annual rate in September (20:30)
November 1st
U.S. unemployment rate in October (20:30)
U.S. October seasonally adjusted non-farm payrolls (10,000 people) (20:30)