Next Week Macro Outlook: CPI Data Release, Federal Reserve to Host Payment Innovation Meeting to Discuss Stablecoins, Tokenization

BlockBeats News, October 18th: With Trump's remarks on Friday alleviating trade tensions and regional bank stocks rebounding, Wall Street finally saw a positive close to the stock market after an uneasy week. Bonds, gold, and silver all saw declines in response. Wall Street is about to enter a crucial week to decipher the truth about American companies: the peak of third-quarter earnings releases and heavyweight inflation data are on the horizon. Here are the key points the market will focus on in the new week (all times are in Beijing time):

Monday 10:00: China's third-quarter GDP YoY;

Monday 22:00: US September Conference Board Leading Economic Index m/m;

Tuesday: The Fed holds a Payment Innovation Conference to discuss stablecoins, artificial intelligence, and tokenization;

Tuesday 21:00: Fed Governor Waller delivers opening remarks at the Fed Board's Payment Innovation Conference;

Wednesday 03:30: Fed Governor Waller delivers closing remarks at the Fed Board's Payment Innovation Conference;

Friday 20:30: US September Unadjusted CPI YoY, US September Adjusted CPI/Core CPI m/m, US September Unadjusted Core CPI YoY.

With the ongoing US government shutdown, the market will focus on the sole heavyweight data of next week—the September CPI released on Friday. Regardless of the data outcome, investors almost unanimously expect the Fed to cut interest rates by 25 basis points at the October 28-29 meeting. The September CPI report is particularly notable as it will be one of the few official economic data releases by the US government statistical agency during the shutdown that started on October 1st. (Jinshi)