Powell’s Speech and Market Expectations
- Highlights for markets next week: November inflation and consumer spending
- Federal Reserve Chairman Jerome Powell’s speech on Wednesday
- Soft headline inflation expected, but firm core reading
- November wholesale inflation likely to show easing input costs pressures
- Fed expected to hold interest rates steady
- Retail sales expected to dip in November
The upcoming week will be marked by key events in the financial markets. The focus will be on the U.S. November inflation readings and the health of consumer spending ahead of the holiday season. Federal Reserve Chairman Jerome Powell’s speech on Wednesday will be closely watched by investors. Economists predict soft headline inflation but a firm core reading, reflecting swings in volatile components such as used car prices and hotels. November wholesale inflation is expected to show easing input costs pressures. The Fed is expected to hold interest rates steady, signaling a shift from questions about rate hikes to how long rates will remain high. Retail sales are forecasted to dip in November, reflecting headwinds such as elevated interest rates, high prices, and slowing job growth.
Factuality Level: 7
Factuality Justification: The article provides information on upcoming economic events and predictions from economists. It does not contain any obvious bias or misleading information. However, it lacks in-depth analysis and context, and some statements are presented as predictions rather than facts.
Noise Level: 4
Noise Justification: The article provides information on upcoming economic events and expectations, but it lacks depth and analysis. It mostly consists of brief statements from economists without providing much context or evidence to support their claims. The article also includes a promotional message about text-to-speech technology, which is unrelated to the topic.
Financial Relevance: Yes
Financial Markets Impacted: The U.S. November inflation readings and the health of consumer spending can impact financial markets and companies.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article discusses upcoming economic data releases and the Federal Reserve’s policy decision, which can have an impact on financial markets and companies.
Public Companies: Bank of America (BAC), BMO Capital Markets ()
Key People: Jerome Powell (Federal Reserve Chairman), Michael Gapen (U.S. economist at Bank of America), Scott Anderson (Chief U.S. economist at BMO Capital Markets)
Reported publicly:
www.marketwatch.com 
