Powell Speech Preview: Markets Seek Dovish Tilt As Rate Bets Fade

Federal Reserve Chairman Jerome Powell is set to deliver a key policy speech Wednesday in Washington in what could be the last major address from a central bank official prior to its December rate-setting meeting.

Powell is slated to speak at 1:30 pm Eastern time at the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution on the outlook for the economy, inflation, and the changing labor market, with a question-and-answer session from the audience to follow.

Powell broke from the agreed Fed statement earlier this month, following the central bank’s fourth consecutive 75 basis point rate hike, by insisting to reporters that it was “too soon” to consider a pause in rate hikes despite the Open Market Committee’s clear indication that smaller increases, with an eye towards peak rates, would likely be required over the coming months.

Source: https://www.thestreet.com/markets/powell-speech-preview-markets-seek-dovish-tilt-as-rate-bets-fade?puc=yahoo&cm_ven=YAHOO&yptr=yahoo