Market Overview: Wall Street Braces for Uncertainty

As the relief from the recent end to the U.S. government shutdown fades, a sense of heightened caution is gripping Wall Street. This unease coincides with a deluge of upcoming economic data releases, coupled with growing concerns about the Federal Reserve's ability to follow through with a rate cut in December. These factors have collectively deepened risk aversion in the market.

Impact on Bitcoin

Bitcoin has experienced intensified selling pressure, retreating from its highs established in early October. The largest digital asset has dipped below the $95,000 mark and has seen only marginal gains since the beginning of 2025. It continues to face pressure following the $19 billion liquidation event on October 10, which erased over $1 trillion from the total cryptocurrency market capitalization.

Key Events to Watch This Week

  • Tuesday 02:00: Neel Kashkari, Minneapolis Federal Reserve Bank President and 2026 FOMC voter, hosts a fireside chat.
  • Thursday 03:00: The Federal Reserve releases the minutes from its monetary policy meeting. Additionally, John Williams, President and CEO of the Federal Reserve Bank of New York and a permanent FOMC voter, delivers a speech.
  • Friday 02:40: Austan Goolsbee, Chicago Federal Reserve Bank President and 2025 FOMC voter, delivers remarks.
  • Friday 05:30: Patrick Harker, Philadelphia Federal Reserve Bank President and 2026 FOMC voter, speaks on the economic outlook.
  • Friday 20:30: John Williams, President and CEO of the Federal Reserve Bank of New York and a permanent FOMC voter, delivers a speech.
  • Friday 22:00: Lorie Logan, Dallas Federal Reserve Bank President and 2026 FOMC voter, participates in a panel discussion at the "SNB and Its Watchers 2025" event.

Market Sentiment and Rate Cut Expectations

Investors have noted the abundance of comments from so-called "inflation hawks." Investors have lowered the odds of a December rate cut to below 50%. Prior to the Fed's October meeting, markets had almost fully priced in a December rate cut.

Risk Warning: this article represents only the author’s views and is for reference only. It does not constitute investment advice or financial guidance, nor does it represent the stance of the Markets.com platform.When considering shares, indices, forex (foreign exchange) and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and could result in capital loss.Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice. Trading cryptocurrency CFDs and spread bets is restricted for all UK retail clients. 

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