Macroeconomic Outlook for Next Week: The First Non-Farm Payroll After the Stalemate Arrives, Fed 'Civil War' Escalates

On November 15, as the relief from the historic U.S. government shutdown gradually dissipates, coupled with a wave of economic data about to sweep the market and concerns about whether the Fed can successfully cut rates in December, cautious sentiment dominates Wall Street this week. The subsequent return of U.S. economic data is likely to increase market Fluctuation. Here are the key points the market will focus on in the new week (all in Beijing time): Tuesday 02:00: 2026 FOMC voting member and Minneapolis Fed President Kashkari will host a fireside chat; Thursday 03:00: The Fed will release the monetary policy meeting minutes, and FOMC permanent voting member and New York Fed President Williams will speak; Friday 02:40: 2025 FOMC voting member and Chicago Fed President Goolsbee will speak; Friday 05:30: 2026 FOMC voting member and Philadelphia Fed President Harker will speak on economic outlook; Friday 20:30: FOMC permanent voting member and New York Fed President Williams will speak; Friday 22:00: 2026 FOMC voting member and Dallas Fed President Logan will participate in a panel discussion at the “2025 Swiss Central Bank and Its Observers” event. The U.S. Bureau of Labor Statistics announced on Friday that it will release the highly anticipated September Employment Situation Report next Thursday (November 20). This report was originally scheduled for release on October 3. The agency also stated that it will release inflation-adjusted real income data for September next Friday (November 21). Additionally, Nvidia is set to release its earnings report next Wednesday. (Jin10)