The live stream is set to kick off at 1:40 PM ET. If it isn’t displaying for you at that time, refreshing the page might do the trick.
Federal Reserve Chair Jerome Powell is set to speak this Wednesday at the New York Times DealBook conference. This event comes just two weeks before the central bank is set to reveal its decision regarding interest rates, and it marks Powell’s final public appearance prior to this announcement.
Right now, the market is largely anticipating that the Fed will reduce its benchmark interest rate by an additional quarter percentage point, adjusting it from the current range of 4.5% to 4.75%. The Federal Open Market Committee, responsible for setting rates, already decreased the federal funds rate by a total of three-quarters of a point during its September and November sessions.
Lately, there have been some rumblings of concern among policymakers over the slight uptick in the inflation rate. This suggests a measured stance as they keep an eye on incoming data to guide their policy decisions.
For more insights, you might want to check out discussions around Fed Governor Waller’s inclination towards a rate cut in December amidst inflation worries, and how the Fed’s favored inflation measure has climbed to 2.3% annually as expected. Additionally, recent meeting minutes reveal that while Fed officials foresee reductions in interest rates on the horizon, they plan to move forward gradually.
