Posted 10/19/2023, 5:02:00 AM
Powell to Navigate Mixed Economic Signals in New York Speech Before Fed's Next Policy Meeting
- Powell to speak in New York Thursday amid mixed economic signals since last Fed meeting
- Data shows job growth rebounding but inconsistent inflation signs; markets volatile
- Powell must balance sounding too confident or doubtful to avoid moving markets
- Speech comes right before Fed's pre-meeting quiet period ahead of Nov 1 decision
- Fed expected to hold rates steady but remains data-dependent on any future hikes
