Global Statistics

All countries
704,753,890
Confirmed
Updated on May 20, 2024 1:53 am
All countries
560,567,666
Recovered
Updated on May 20, 2024 1:53 am
All countries
7,010,681
Deaths
Updated on May 20, 2024 1:53 am

Global Statistics

All countries
704,753,890
Confirmed
Updated on May 20, 2024 1:53 am
All countries
560,567,666
Recovered
Updated on May 20, 2024 1:53 am
All countries
7,010,681
Deaths
Updated on May 20, 2024 1:53 am
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What to expect from upcoming US Federal Reserve policy meeting

Federal Reserve Chair Jerome Powell is set to address the Economic Club of New York on Thursday, October 19, aiming to reassure the markets about the Fed’s commitment to combating inflation. Powell’s speech comes ahead of the upcoming Federal Reserve meeting from October 31 to November 1, and investors and analysts are eagerly anticipating insights into the central bank’s monetary policy stance.

Recent remarks by Powell have emphasized the need for a persistent restrictive policy, reflecting cautious optimism amid signs of easing inflation. A surprising September jobs report, which revealed the addition of 336,000 jobs (nearly double the expected number) and maintained the unemployment rate at 3.8%, has led to adjustments in traders’ expectations. There is now an increased likelihood of an interest rate hike by the end of the year.

Despite the labor market’s impressive 33rd consecutive month of growth and an unemployment rate below 4%, concerns persist about the economy’s resilience. Powell’s speech will be closely watched as market participants seek clarity on the Fed’s strategy and its approach to navigating these economic challenges.

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