[Next Week's Macro Outlook: U.S. CPI May Be Absent for the First Time, Gold Awaits New Catalysts] Over the past week, market risk appetite has significantly cooled due to the ongoing U.S. government shutdown, private sector employment reports indicating a cooling labor market, and cracks emerging in the AI valuation bubble. In the coming week, the market will continue to focus on developments related to the U.S. government shutdown and the prospects of further rate cuts by the Federal Reserve. The prolonged government shutdown may mean more economic data will be delayed. Below are the key points the market will focus on in the new week: Wednesday 22:20, FOMC permanent voting member and New York Fed President Williams delivers a speech; Wednesday 23:00, 2026 FOMC voting member and Philadelphia Fed President Paulson speaks on fintech; Thursday 1:15, 2027 FOMC voting member and Atlanta Fed President Bostic delivers a speech; Thursday (time to be confirmed), U.S. October unadjusted CPI and core CPI year-on-year, seasonally adjusted CPI and core CPI month-on-month, and U.S. initial jobless claims for the week ending November 8; Friday 1:15, 2025 FOMC voting member and St. Louis Fed President Mussailem speaks on monetary policy; Friday 1:20, 2026 FOMC voting member and Cleveland Fed President Harker participates in a fireside chat; Friday 22:20, 2027 FOMC voting member and Atlanta Fed President Bostic delivers a speech; Friday 23:05, 2025 FOMC voting member and Kansas City Fed President Schmid speaks on economic outlook and monetary policy.