Highlights
In the US, new jobless claims for the November 4 week are expected to come in at 220,000 versus 217,000 in the prior week.
The Energy Information Administration is delaying the release of its natural gas report to complete a systems upgrade. Two weeks of data will be published with the next natural gas storage report on November 16.
Atlanta Federal Reserve Bank President Raphael Bostic will participate in a fireside chat on the importance of surveys and how the survey data informs the economic outlook and policy views before the Central Bank Business Survey Conference hosted by the Federal Reserve Bank of Atlanta's New Orleans Branch at 9:30 a.m. (1430 GMT).
Richmond Federal Reserve Bank President Thomas Barkin will discuss virtually the"Outlook for the U.S. Economy and Fed Policy" in a Market News International webinar at 11 a.m. (1600 GMT).
St. Louis Federal Reserve Bank Interim President Kathleen O'Neill Paese will speak on the US economy and monetary policy and participates in a moderated conversation before event co-sponsored by the Association for Corporate Growth Kentucky, Financial Executives International Louisville, and CFA Society Louisville at 12 p.m. (1700 GMT).
Federal Reserve Chairman Jerome Powell will participate in a policy panel discussion before the 24th Jacques Polak Annual Research Conference at 2 p.m. (1900 GMT).
The Reserve Bank of Australia will publish a quarterly Statement on Monetary Policy to provide updated economic assessment and the outlook for Australian inflation and growth. In its August statement, the bank revised down its headline CPI forecast to 4.1 percent at end-2023 from 4.5 percent projected in May.
Earlier this week, the RBA raised its main policy rate, the cash rate, by 25 basis points to 4.35 percent from 4.10 percent, as expected. Officials had left rates on hold at their previous four meetings after delivering aggressive policy tightening over the previous twelve months, but on Tuesday they concluded that further action was required to ensure inflation falls back to within their target range of 2 percent to 3 percent. The most recent monthly CPI data showed an increase in headline inflation from 5.2 percent in August to 5.6 percent in September.
The Energy Information Administration is delaying the release of its natural gas report to complete a systems upgrade. Two weeks of data will be published with the next natural gas storage report on November 16.
Atlanta Federal Reserve Bank President Raphael Bostic will participate in a fireside chat on the importance of surveys and how the survey data informs the economic outlook and policy views before the Central Bank Business Survey Conference hosted by the Federal Reserve Bank of Atlanta's New Orleans Branch at 9:30 a.m. (1430 GMT).
Richmond Federal Reserve Bank President Thomas Barkin will discuss virtually the"Outlook for the U.S. Economy and Fed Policy" in a Market News International webinar at 11 a.m. (1600 GMT).
St. Louis Federal Reserve Bank Interim President Kathleen O'Neill Paese will speak on the US economy and monetary policy and participates in a moderated conversation before event co-sponsored by the Association for Corporate Growth Kentucky, Financial Executives International Louisville, and CFA Society Louisville at 12 p.m. (1700 GMT).
Federal Reserve Chairman Jerome Powell will participate in a policy panel discussion before the 24th Jacques Polak Annual Research Conference at 2 p.m. (1900 GMT).
The Reserve Bank of Australia will publish a quarterly Statement on Monetary Policy to provide updated economic assessment and the outlook for Australian inflation and growth. In its August statement, the bank revised down its headline CPI forecast to 4.1 percent at end-2023 from 4.5 percent projected in May.
Earlier this week, the RBA raised its main policy rate, the cash rate, by 25 basis points to 4.35 percent from 4.10 percent, as expected. Officials had left rates on hold at their previous four meetings after delivering aggressive policy tightening over the previous twelve months, but on Tuesday they concluded that further action was required to ensure inflation falls back to within their target range of 2 percent to 3 percent. The most recent monthly CPI data showed an increase in headline inflation from 5.2 percent in August to 5.6 percent in September.
Definition
Market Focus details key factors in the coming day that will impact the economic outlook and the financial markets. These include central bank events, economic indicators, policymaker speeches as well as expected political and corporate developments.
Description
Keeping up-to-date with event schedules and the economic calendar is key to understanding the global financial system. Econoday's Market Focus allows investors and policymakers to carefully track what will be making news and moving the financial markets in the coming day.
