Powell made a public speech in the early morning, and PPI data and weekly unemployment data were released in the evening.
The Federal Reserve announced last Thursday that it would cut the benchmark interest rate by 25 basis points to 4.50%-4.75%. At the press conference, Fed Powell avoided giving specific guidance on future interest rate trends, leaving room for flexibility for the December meeting and beyond.
Regarding the pace of rate cuts, Powell said that if the labor market weakens or slows down when it is close to neutral, then the Fed may accelerate the pace of rate cuts. Powell also said at the time that in the short term, the results of the presidential election will not directly affect monetary policy.
Faced with the potential inflationary policies of US President-elect Trump, the speech of Federal Reserve Chairman Powell remains the focus of attention for new clues about the trajectory of the Fed's easing policy. In addition, the market is also paying attention to the US PPI and initial jobless claims data.
At 21:30 Beijing time on Thursday, the US October Producer Price Index (PPI) data will be released, which is expected to increase by 0.2% month-on-month and 2.13% year-on-year.
