●This Week's Macroeconomic Outlook: The Federal Reserve's Decision and the U.S. Election May Become a Barometer for the Crypto Market
This week, the ultimate battle of the U.S. election may trigger a nuclear-level warning, with the dollar bulls fully loaded. Following the worst non-farm payroll report in nearly four years, expectations for a 25 basis point rate cut by the Federal Reserve are nearly fulfilled.
This week, the market focuses on the U.S. election, the Federal Reserve's interest rate decision, and the Bank of England's interest rate decision, among others. Starting Tuesday, the U.S. will hold the 2024 presidential election. Many major polls still show a tight race between Trump and Harris.
Key Event Timeline: Tuesday: Voting for the 2024 U.S. presidential election begins, with a tight competition between Trump and Harris, leading to market tension. Wednesday: The Bank of Japan releases the minutes of the September monetary policy meeting (07:50); the U.S. Treasury announces new bond issuance plans for the upcoming quarter (21:30); Friday: Federal Reserve interest rate decision (03:00), with the market generally predicting a 25 basis point rate cut
