Wu discusses this week's macro indicators and analysis: Fed Beige Book on economic conditions, European Central Bank meeting minutes.Compiled by: GaryMa Wu said Blockchain
Abstract
Wu said this week's macro indicators and analysis: Last week's Federal Reserve meeting minutes showed that the interest rate decision in December may be at a standstill, and Nvidia's earnings report exceeded expectations; this week, the focus is on the Federal Reserve's release of the economic conditions beige book and the European Central Bank's publication of the October monetary policy meeting minutes, among other things.
Last Week Review
The minutes from the Federal Reserve's October meeting show a significant divide among officials on whether to further cut rates in December, with "many" officials believing that a rate cut in December would be inappropriate, while "a few" officials think a rate cut may be suitable. Nick Timiraos noted that the minutes reinforced a gradually emerging trend after the meeting: there may currently be a slight majority of officials leaning towards keeping rates unchanged in December, resulting in a highly contentious policy decision. Additionally, the minutes also indicated that some participants mentioned the valuation of financial assets.
WuSaidBlockchainW·1h ago