The Fed rate decision will be announced at 3:00 am on November 8.
Expected rate cut of 25 basis points.
Fed Chairman Powell will make a statement and answer media questions at 3:30 am.
Important data before the rate decision
US inflation data, annual rate 2.4% expected 2.3, previous value 2.5
US Producer Price Index (PPI), annual 1.8%. Expected 1.6, previous 1.7
US Core Personal Consumption Expenditures Price Index (Annual) (PCE) 2.7%. Expected 2.6, previous 2.7
US Non-Farm Payrolls 12k expected 106k, previous value 254k
The good news turned into bad news, as mentioned in the previous blog post