This is a quiet week for key economic data releases, but it is even quieter due to the ongoing government shutdown. For financial markets, this informational void is equivalent to flying blind. That also applies to Fed officials who are undecided about the need to vote for a rate cut at the October 28-29 FOMC meeting. This week will offer investors insights into the internal dynamics of the September 16-17 FOMC, which concluded with a 25-basis-point interest rate cut. The minutes of that meeting will be released on Wednesday.
Financial markets are sure to tune into Fed speeches from Chair Jerome Powell (Thu), Governor Stephen Miran (Tue), Governor Michelle Bowman (Tue and Thu), Governor Michael Barr (Wed and Thu), and voting FOMC members Kansas City Fed President Jeff Schmid (Mon), St. Louis Fed President Alberto Musalem (Wed) and Chicago Fed President Austan Goolsbee (Fri).
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