Macro outlook next week: Trump and the Fed's "Game of Thrones" are in full swing, and expectations of a 25-basis point cut are rekindled

PANews August 30th news, the cryptocurrency market experienced a considerable sell-off this week, but this happened after a good performance last week. This is not too unexpected due to the decline in volatility and the coming release of key data next week, with some relatively weak highs already forming. Bitcoin is facing double-top risks and has failed to offer too many measures to combat its impact, while Ethereum further pulls back after hitting a new high last Saturday. Ethereum has a better outlook than its "big brother" Bitcoin, but its performance will still depend on Bitcoin's performance. The following are the key points that the market will focus on in the new week: On Wednesday, 21:00, the 2025 FOMC voter and St. Louis Fed Chairman Mousalem delivered a speech on the US economic and monetary policy; on Wednesday, 22:00, the US JOLTs job vacant in July, and the US factory order monthly rate in July; on Thursday, 01:30, the 2026 FOMC voter and Minneapolis Fed Chairman Kashkali attended a fireside conversation; on Thursday, 02:00, the Federal Reserve announced the Beige Book of Economic Conditions; on Thursday, 20:30, the number of initial unemployment claims in the United States to August 30, and the US trade account in July; on Thursday, 23:30, the FOMC permanent voter and New York Fed Chairman Williams delivered a speech at the New York Economic Club; On Friday at 07:00, the 2025 FOMC voter and Chicago Fed Chairman Goulsby delivered a speech; on Friday at 20:30, the US unemployment rate in August, the non-farm employment population after the August season, the average annual rate of hourly wages, and the monthly rate. The continued weakness in the labor market will not only consolidate market expectations for a rate cut in September, but will also rekindle expectations for a 25 basis point cut this year. In his speech at the Jackson Hall meeting, Powell emphasized that inflation risks tend to rise in the short term, while employment risks tend to fall.