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- U.S.: Fed Chair Powell's comments and September PPI data in focus – TD Securities
U.S.: Fed Chair Powell's comments and September PPI data in focus – TD Securities
Analysts at TD Securities note the Fed Chair Powell will deliver remarks at the annual NABE Conference at 2:30 pm EST, which will be closely scrutinized for clues regarding the path forward for rates.
- “The topic of Powell's discussion will be "Data Dependence in an Evolving Economy". The market is now priced in for an October cut on the heels of deteriorating data and will be looking for confirmation by the Fed Chair.
- Separately, the market expects producer prices to advance 0.1% m/m, keeping the annual rate unchanged at 1.8% for a second consecutive month in September. Similarly, excluding food and energy, producer prices should have remained unchanged at 2.3% y/y on the back of a stronger 0.2% m/m gain.”
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