PANews news on October 19, according to China Securities News, Federal Reserve Chairman Powell will speak at the New York Economic Club at 00:00 Beijing time on Friday, which is also the most important official statement before the silence period of next month's Federal Open Market Committee (FOMC) meeting. Powell's views on the "prospect of rate hikes" and "soaring U.S. Treasury yields" will be the focus of attention. Global financial markets are looking forward to new clues about the path of future rate hikes.
Market participants believe that the prospect of the Fed's interest rate hike is foggy, on the one hand, some economic data are still resilient, and the expectation of interest rate hikes at the end of the year has increased; On the other hand, the US debt storm continued to rage, and many Fed officials turned to a "dovish" attitude. Therefore, Powell's views on the "prospect of rate hikes" and "soaring US Treasury yields" will be the focus of attention tonight.
