Next week's macro outlook: The Federal Reserve will release the Beige Book on economic conditions, and Williams will give a speech

According to Jin Shi reports, this week risk assets have experienced an extremely difficult period, with US stocks under significant pressure. Interestingly, despite Nvidia reporting strong earnings and its CEO making optimistic comments, this did not sustain a reversal of the negative momentum. The situation in the cryptocurrency market is even worse.

This week, Bitcoin fell by 18%, marking the strongest weekly decline since mid-November 2022. Here are the key points the market will focus on in the new week (all in Beijing time):

• Tuesday 21:30, US September retail sales month-on-month, US September PPI;
• Wednesday 9:00, Reserve Bank of New Zealand announces interest rate decision;
• Wednesday 21:30, US initial jobless claims for the week ending November 22;
• Thursday 03:00, Federal Reserve releases the Beige Book on economic conditions;
• Thursday TBD, Bank of Korea announces interest rate decision;
• Friday, New York Fed President Williams will deliver a speech.

Jefferson's views carry potential information value, as his opinions often align closely with those of Federal Reserve Chairman Powell. Since joining the Federal Reserve three years ago, Jefferson's votes have consistently been in sync with Powell. It is worth noting that due to Thursday being the Thanksgiving holiday in the US, and Friday being "Black Friday" with an early market close, the trading days next week will be shortened, and market liquidity will be significantly reduced.