Week InAdvance: October 31, 2022
- By: admin
- On: 10/31/2022 17:02:31
- In: 2022 Briefings
Mon Oct 31 Halloween takes place in US and, increasingly, elsewhere. | Wed Nov 2 SEC meets on reporting & disclosure. FOMC rate decision. | Thu Nov 3 Bank of England rate decision, news conference with Governor Andrew Bailey. | Fri Nov 4 US employment report for October.
The Federal Reserve is expected to raise rates by 75 basis points on Wednesday for the fourth straight meeting as US central bankers seek to cool the hottest inflation in four decades. Some policymakers have suggested rates may need to go as high as 5% next year and stay there for some time.
The Bank of England and Reserve Bank of Australia also have policy decisions this week. BOE Chief Economist Huw Pill has signaled that rates are likely to rise sharply in November.
The US labor market is in focus on Friday. Employers are expected to have added about 200,000 jobs in October on the heels of September's report, which showed some moderation in payroll creation but still steady growth.
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