Traders in the futures market thwart prospects of November rate hike
Macro calendar this week (October 23rd ~27th)
By Tiffany Wang, WOO Analyst
In his speech at the Economic Club of New York, Chairman Powell refrained from firmly committing to a particular policy trajectory but provided no signals of a predisposition toward raising interest rates.
As Powell articulated his perspective, traders in the futures market swiftly eliminated any prospects of a rate hike transpiring in November and concurrently reduced the probability of such a move even in December.
ECB decision on Wednesday and PCE on Friday
The data/events to look out for next week are the ECB decision on Wednesday and PCE on Friday.
Crypto and blockchain events this week (October 23rd ~ 27th)
Meanwhile, here are the biggest crypto and blockchain events happening around the world this week so that you can stay informed.
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