Analysts at TD Securities point out that Fed Chairman Powell will address the NABE on the outlook for employment and inflation at 12:45 ET and will be a key event for the markets.
Key Quotes
“We look for Powell to continue advocating for a gradual pace of rate hikes, consistent with his comments in last week’s press conference. Powell’s address will be followed by a moderated Q&A and a Kaplan speech at 14:00 ET.”
“Governor Quarles is also scheduled to testify to the Senate Banking Committee at 10:00 ET during an event rescheduled from September 13th. Meanwhile, September auto sales are the lone data release and are expected by the market to pick up to a 16.8m unit pace.”
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