Central Banks / Economy
Add as a preferred source on GoogleTwo indicators are scheduled Monday. The Federal Reserve plans to announce its policy decision Wednesday at 2 p.m. ET.
The Federal Reserve’s Wednesday policy announcement follows Monday releases from its Chicago and Dallas regional banks.
Monday’s calendar lists the CFNAI for 8:30 a.m. ET (12:30 UTC) and the Dallas Fed Manufacturing Survey for 10:30 a.m. ET (14:30 UTC). The CFNAI tracks national activity and inflation pressure.
The Fed’s policy announcement is scheduled for 2 p.m. ET (18:00 UTC) Wednesday, Oct. 28. A news conference is set for 2:30 p.m. ET.
Reuters’ Monday snapshot showed spot bullion at $4,009.87, up 0.4%. The Fed decision is due Oct. 28, with U.S. economic releases scheduled for Oct. 29.
Reuters said traders expected both central banks to keep rates unchanged. U.S. GDP and inflation data are scheduled for Oct. 29.
He argues that larger rounds of bond buying and a balance sheet that has not returned to its earlier position weaken incentives to control federal borrowing.
