
The Reserve Bank of Australia kept the benchmark interest rate at 4.35% for the ninth consecutive time, stating progress in controlling inflation, though the economic outlook remains uncertain.

China's November trade data missed expectations, with slower exports, lower imports, but a surprise rise in the trade surplus. The government promises more stimulus measures to boost growth.

CME 'FedWatch' shows an 85.8% chance of a 25bps rate cut by the Fed in December and a 22% chance of a 50bps cut in January. Morgan Stanley economists predict rate cuts in both months.

BOJ divisions deepen over rate hike timing. While Governor Ueda calls it "imminent," dovish members warn against early hikes risking recovery. December hike odds drop to 36%, with recovery and inflation in focus.

The Fed's Beige Book reports slight November growth and rising business optimism. Powell notes stronger-than-expected U.S. economy and easing inflation, allowing for cautious rate cuts ahead.

During the interview, Powell stated that the Federal Reserve would be cautious in cutting interest rates. He also reaffirmed the Fed's independence and expressed confidence in his relationship with Treasury Secretary candidate Besnett.

At the New York Times DealBook Summit, Fed Chairman Powell stated that given the strong economy and uncertain inflation outlook, the Fed doesn't need to rush into cutting rates and will adopt a more cautious approach.

Federal Reserve officials adopt a cautious stance ahead of December. While some support a rate cut, the overall position leans towards a wait-and-see approach, with market expectations suggesting slower rate cuts next year.

Federal Reserve officials have stated that the decision on a rate cut in December will depend on the forthcoming November employment data, as the market focuses on the future direction of monetary policy.

Both COMEX gold and SHFE gold main contracts' prices have fallen, with the market possibly having already priced in a December rate cut, thereby heightening caution regarding potential pullback risks.

In October, U.S. PCE rose 2.3% YoY, with core PCE at 2.8%, signaling ongoing inflation. Trump's proposed tariffs may push prices higher, posing inflation risks and prompting the Fed to proceed cautiously with rate cuts.

Chicago Fed's Goolsbee sees a neutral rate nearing, urging slower rate cuts. US consumer confidence rose, lifting economic optimism. The dollar retreated as the euro and pound gained support.

Spot gold edged lower Wednesday on ceasefire news and policy impacts but remains bullish long-term, driven by safe-haven demand and rate cut expectations. Markets eye Fed policies and global geopolitics.

The market generally predicts that the Reserve Bank of New Zealand will announce a 50 basis point interest rate cut this week, lowering the rate to 4.25% in response to the challenges of inflation and economic slowdown.

Chicago Fed President Goolsbee stated that unless there are significant signs of economic overheating, the Federal Reserve will continue to cut interest rates, gradually moving towards a neutral rate level.
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