Next Week Macro Outlook: CPI Data Release, Federal Reserve to Host Payment Innovation Meeting to Discuss Stablecoins, Tokenization

October 18th: Given Trump's remarks on Friday which have alleviated trade tensions and regional bank stocks have rebounded, Wall Street finally witnessed a positive close to the stock market after a rather uneasy week. Bonds, gold, and silver all saw declines in response. Wall Street is on the verge of entering a crucial week to fathom the truth about American companies: the peak of third-quarter earnings releases and significant inflation data are approaching. Here are the key points that the market will focus on in the new week (all times are in Beijing time): Monday 10:00: China's third-quarter GDP year-on-year; Monday 22:00: US September Conference Board Leading Economic Index month-on-month; Tuesday: The Fed holds a Payment Innovation Conference to discuss stablecoins, artificial intelligence, and tokenization; Tuesday 21:00: Fed Governor Waller delivers opening remarks at the Fed Board's Payment Innovation Conference; Wednesday 03:30: Fed Governor Waller delivers closing remarks at the Fed Board's Payment Innovation Conference; Friday 20:30: US September Unadjusted CPI year-on-year, US September Adjusted CPI/Core CPI month-on-month, US September Unadjusted Core CPI year-on-year. With the continuous US government shutdown, the market will focus on the only heavyweight data of next week - the September CPI released on Friday. Regardless of the data outcome, investors almost unanimously anticipate that the Fed will cut interest rates by 25 basis points at the October 28-29 meeting. The September CPI report is particularly noteworthy as it will be one of the few official economic data releases by the US government statistical agency during the shutdown that began on October 1st. (Jinshi)