[Late Night Sound Daily October 16 Key Financial Schedule] Today's Focus Key Data and Events (Thursday):

Pending: Initial jobless claims in the U.S. for the week ending October 11
①20:30 US September Retail Sales MoM
September PPI Year-on-Year September PPI Month-on-Month
②21:00 Federal Reserve Governor Waller speaks---dovish
21:00 Federal Reserve Governor Barr speaks on "stablecoins". --Dovish
At 21:00, Federal Reserve Governor Milan will deliver a speech at the 2025 International Financial Association Annual Conference. -- A representative of the dovish faction.
③22:00 Fed Governor Bowman delivers an online speech at the 2025 Fed stress testing research conference -- dovish
22:00 US October NAHB Housing Market Index
U.S. August Business Inventories MoM

Yesterday's view
According to foreign media reports, traders have begun to bet that the Federal Reserve will significantly cut interest rates at least once before the end of the year, confident that the policy may be more aggressive than the current expectations of other market observers. Recent trading activity in options linked to the Secured Overnight Financing Rate (SOFR) shows that the market is increasing its positioning for a half-point rate cut, which could occur at this month's later meeting or the December meeting. This expectation exceeds the two rate cuts of 25 basis points each that are currently priced in the interest rate swaps. Due to the prolonged government shutdown in the U.S., the release of key employment and other economic data has been delayed. Once the deadlock is resolved, a large amount of data will emerge, revealing the latest changes in economic conditions. Some anticipate that this data may further indicate economic weakness, thereby supporting more rate cuts.