The US Fed = Federal Reserve Board will hold a meeting to decide monetary policy for two days from the 31st. As inflation tends to subside, market participants are increasingly expecting to postpone a second consecutive rate hike.
The Fed has raised interest rates 3 times in a row since March last year to tame inflation.
At the previous meeting in September, the central bank decided not to raise interest rates for the first time in two meetings, mainly due to the improvement in labor shortages, which is a factor in inflation.
The monetary policy meeting will be held on November 10 and November 9.
Inflation, which has been the focus, is showing signs of subsiding. The Fed's latest economic report released on the 2th of this month also pointed out that the tight labor market, which has been a factor in inflation, continued to ease across the United States, and wage growth rose only slightly or modestly in most regions.
As a result, the market is increasingly expecting the Fed to hold off on raising interest rates for the second consecutive meeting.
However, the solidity of the US economy stands out, with GDP = Gross Domestic Product announced on the 31th showing positive growth for five consecutive quarters.
Powell believes that continued economic growth and new data on a tight labor market could warrant further monetary tightening.
It will be interesting to see how the chairman will say about additional rate hikes at the press conference after the meeting.