The market generally predicts that the Reserve Bank of New Zealand will announce a 50 basis point interest rate cut this week, lowering the rate to 4.25% in response to the challenges of inflation and economic slowdown.
Chicago Fed President Goolsbee stated that unless there are significant signs of economic overheating, the Federal Reserve will continue to cut interest rates, gradually moving towards a neutral rate level.
Former U.S. Congressman Ron Paul warned that if cracks appear in the economy and the Federal Reserve acts improperly, gold prices could soar to four times their current level. He emphasized the urgency of reforming the Federal Reserve's powers.
The U.S. October PPI rose by 2.4% year over year, and the core PPI increased by 3.1%, both exceeding market expectations, indicating that inflationary pressures persist.
The IIF warns U.S. debt may "explode" to 150% of GDP under Trump. Tesla CEO Elon Musk, now head of the "Department of Government Efficiency," is tasked with easing debt by cutting federal spending, though specific plans are pending.
Despite Japan's record-high October PPI, political uncertainty and concerns over U.S. tariff policies have weakened the yen, with dollar/yen strengthening under technical support.
The U.S. CPI rose to a three-month high in October, prompting traders to significantly increase the likelihood of a Fed rate cut in December, with the market currently pricing in about a 75% chance of a rate cut.
The strong US dollar coupled with external risks is putting downward pressure on the Chinese yuan. The market is focusing on US economic data and domestic policies to stabilize the exchange rate.
The Federal Reserve announced a 25 basis point rate cut in response to slowing economic growth, and the market reacted positively, which may pave the way for another rate cut in December.
The Mizuho report states that Visa and Mastercard are seeing a slowdown in consumer spending growth in the U.S., with debit cards and cross-border transactions being highlights of their growth.
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