1:55 p.m.
Speech -- Chair Jerome H. Powell
Economic Outlook
At the National Association for Business Economics (NABE) Annual Meeting, Nashville, Tenn.
Key Points:
- Powell's speech today is highly anticipated, as traders seek clarity on the Fed's stance amid conflicting views from officials on the pace of rate cuts.
- Markets are uncertain whether the Fed will opt for a 50 or 25-basis-point cut in November, with Powell's remarks potentially reshaping expectations.
- Powell is expected to address inflation trends and labor market data, providing insight into how the Fed balances softening inflation against its 2% target goal.
