As the US Federal Reserve approaches its next meeting on November 6 and 7, financial markets are anticipating a potential interest rate cut following a 50 basis point reduction in September. Current market expectations suggest a nearly 95% chance of further easing.
Investors are closely monitoring upcoming economic indicators, including consumer confidence, home prices, and JOLTs job openings data, which are set to be released on Tuesday. These figures are part of a series of labor market reports that will inform the Fed's monetary policy decisions.
The personal consumption expenditure price index, a key inflation measure favored by the Fed, is also expected this week, adding to the scrutiny of economic conditions. However, Fed policymakers remain in a blackout period and will not provide comments on these data releases or their economic outlook until after the meeting.