News & Insights

Traders in the futures market thwart prospects of November rate hike

Traders in the futures market thwart prospects of November rate hike

Macro calendar this week (October 23rd ~27th)

By Tiffany Wang, WOO Analyst

In his speech at the Economic Club of New York, Chairman Powell refrained from firmly committing to a particular policy trajectory but provided no signals of a predisposition toward raising interest rates. 

As Powell articulated his perspective, traders in the futures market swiftly eliminated any prospects of a rate hike transpiring in November and concurrently reduced the probability of such a move even in December.

ECB decision on Wednesday and PCE on Friday

The data/events to look out for next week are the ECB decision on Wednesday and PCE on Friday.

Crypto and blockchain events this week (October 23rd ~ 27th)

Meanwhile, here are the biggest crypto and blockchain events happening around the world this week so that you can stay informed.

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