Next week’s macroeconomic outlook: Don’t be too crazy about rate cuts, don’t be too panic about PCE

Wall Street traders expect interest rate cuts from the Federal Reserve, fuelling market rallies. Fed Chairman Powell’s recent dovish speech led to the largest cross-market rally since April, contributing to a surge in Ethereum prices to a four-year high.

Key economic indicators this week include speeches from Fed officials and critical data releases, such as the Consumer Confidence Index and core PCE price index. Market participants are closely monitoring labor market data that could influence future Fed policy.