Next Week Macro Outlook: Powell to "Jawbone" closely watching Brown Book, Thanksgiving liquidity plummets

BlockBeats News, November 22nd. This week, risk assets experienced an extremely challenging period, with the US stock market under tremendous pressure. Interestingly, despite NVIDIA announcing strong earnings and its CEO making optimistic comments, this failed to sustain a turnaround in the negative trend. The situation in the cryptocurrency market was even worse. This week, Bitcoin fell by 18%, marking its most significant weekly decline since mid-November 2022. Here are the key points the market will focus on in the upcoming week (all times in Beijing time):

Tuesday 21:30, US September Retail Sales MoM, US September PPI;

Wednesday 9:00, Reserve Bank of New Zealand Interest Rate Decision;

Wednesday 21:30, US Initial Jobless Claims for the week ending November 22nd;

Thursday 03:00, Fed Beige Book;

Thursday TBD, Bank of Korea Interest Rate Decision;

Friday, New York Fed's current president Williams will give a speech.

Jefferson's views carry potential information as his opinions often align closely with Fed Chair Powell. Since joining the Fed three years ago, Jefferson's votes have consistently mirrored Powell's. It is worth noting that due to Thursday being the US Thanksgiving holiday and Friday's early market closure for "Black Friday," next week's trading days will be shortened, with significantly reduced market liquidity. (FXStreet)