This week is on fire for the financial markets! Fasten your seatbelts and stay focused because two major events are about to shake the markets hard.
First stop: Jerome Powell, the man of the hour and the Chairman of the Federal Reserve. He will announce the interest rate decision on Wednesday, October 29. Everyone is anticipating a new rate cut that could shift the balance and move the markets in a big way. So keep your eyes wide open and monitor market movements carefully.
The second major event: the meeting between President Trump and his Chinese counterpart. There is hope that the trade war will finally cool down a bit, especially after the US Treasury Secretary said recently that China is ready to strike a trade deal and lift some of the tariffs imposed by Trump. If this actually happens, the impact could be huge across global markets.
In summary: Wednesday and Thursday are the days of economic drama. Stay tuned to see what unfolds. Hopefully, the news will bring good outcomes for everyone.
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