Macro outlook for next week: The Federal Reserve will release the Beige Book, and expectations of interest rate cuts are beginning to shake. Multiple FOMC members have given speeches

According to a report by JinShi, the S&P 500 index and gold prices both hit new highs this week, and the market's bet on the Fed's interest rate cut remains stable compared to the previous week. It is still expected that the possibility of the Fed cutting interest rates by 25 basis points in November is about 92.3%, higher than last week's 89.5%. The release of the Beige Book by the Federal Reserve next week may be the most noteworthy macro event, and many Fed policy makers will also give speeches, which may increase market volatility. Here are the key macro market points worth paying attention to in the new week: On Monday at 20:55, Logan, the chairman of the Federal Reserve of Dallas and the chairman of the FOMC in 2026, delivered a speech and participated in a Q&A session hosted by the Securities Industry and Financial Markets Association (SIFMA) Annual Meeting in 2024; At 22:00 on Monday, the leading indicator monthly rate of the September Conference Board in the United States; On Tuesday at 01:00, Kashkari, the chairman of the Minneapolis Fed and a member of the FOMC voting committee, delivered a speech; On Tuesday at 05:05, the Chairman of the Kansas Federal Reserve and the Chairman of the FOMC in 2025, Schmid, gave a speech on the prospects for the economy and monetary policy; On Tuesday at 22:00, Huck, the chairman of the Philadelphia Federal Reserve and a member of the FOMC voting committee in 2026, delivered a speech at the 8th Financial Technology Annual Meeting hosted by the Philadelphia Federal Reserve; At 21:00 on Wednesday, Federal Reserve Governor Bauman delivered a speech at the 8th Financial Technology Annual Conference hosted by the Philadelphia Fed; Thursday 09:00, China's September Swift RMB's share in global payments At 02:00 on Thursday, the Federal Reserve released its economic status brown book; Thursday 20:30, initial jobless claims for the week ending October 19th in the United States; On Thursday at 20:45, the 2024 FOMC voting committee and Cleveland Fed Chairman Hamack delivered a welcome speech at an event; At 21:45 on Thursday, the initial value of the S&P Global Manufacturing and Service PMI for October in the United States; On Thursday at 23:00, 2022, FOMC voting committee member and Chicago Fed Chairman Goolsby delivered a welcome speech at an annual meeting; On Friday at 22:00, Kashkari, the chairman of the Minneapolis Fed and a member of the FOMC voting committee for 2026, delivered a speech.