With the FRB blackout period approaching, next week's market will be volatile due to economic indicators.

Ahead of the Federal Reserve’s policy decision, next week is expected to be a week that significantly influences market sentiment. With the implementation of the blackout period, policymakers’ statements will be limited, and the release of economic data will attract investors’ attention.

The Surge in Precious Metals Markets Indicates Market Anxiety

Recent price movements in gold and silver vividly reflect market psychology. Amid disruptions at CME Group’s data center, gold has risen by about $150, surpassing $4,200, and silver has reached a record high of $56. These increases can be interpreted not only as technical issues but also as a sign of market participants’ anxiety about the economic outlook.

Important Economic Indicators Schedule for Next Week

Next week will be a crucial period with multiple significant indicators to be released.

On Monday, the confirmed US S&P Global Manufacturing PMI will be published. On Tuesday, Chair Jerome Powell is scheduled to give a speech, which may hint at the direction of monetary policy. On Wednesday, the ADP employment report will reveal the state of the labor market. On Thursday, the Challenger job cuts report and new unemployment insurance claims will be released consecutively, providing a comprehensive view of employment conditions. On Friday, preliminary figures for inflation rate and consumer confidence index will be announced, offering insights into the outlook for personal consumption.

Market Dominated by Rate Cut Expectations

Among market participants, the likelihood of a 25 basis point rate cut at the December 10 meeting has increased to about 80%. This is in response to recent dovish statements from Fed officials and has a significant impact on overall market expectations. During the blackout period, no new statements from policymakers are expected, making economic indicators even more critical as market decision-making tools.