Federal Reserve Chairman Jerome Powell is scheduled to deliver a speech titled 'Perspectives from the Federal Reserve Board' at 1:55 PM Eastern Time on September 30th (1:55 AM Beijing Time on October 1st) at the National Association for Business Economics (NABE). This will be his first public speech since the Fed's interest rate cut last week. Powell is expected to reinforce the credibility of the Fed, reiterate the commitment to low inflation and preventing further weakening of the labor market. He has hinted at further rate cuts in the coming months, but the final decision will depend on economic data, especially the labor market. This has driven a 1.2% rise in US Treasury bonds in September, potentially marking the fifth consecutive month of gains and setting a record for the longest rising streak since 2010.
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Federal Reserve Chairman Jerome Powell is scheduled to deliver a speech titled 'Perspectives from the Federal Reserve Board' at 1:55 PM Eastern Time on September 30th (1:55 AM Beijing Time on October 1st) at the National Association for Business Economics (NABE). This will be his first public speech since the Fed's interest rate cut last week. Powell is expected to reinforce the credibility of the Fed, reiterate the commitment to low inflation and preventing further weakening of the labor market. He has hinted at further rate cuts in the coming months, but the final decision will depend on economic data, especially the labor market. This has driven a 1.2% rise in US Treasury bonds in September, potentially marking the fifth consecutive month of gains and setting a record for the longest rising streak since 2010.