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In view of analysts at TD Securities, the November FOMC meeting should be a dull affair, with limited changes expected in the statement.

Key Quotes

“We see risks of a slight downgrade to the description of recent economic activity, which would see a modest dovish reaction, but given the relentless strength in the labour market and tick up in wages it is difficult seeing an outright dovish tone.”

“Initial jobless claims for the week of November 3 are the lone economic release although the market consensus expects claims to hold near recent levels at 213k.”