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Watch Out: FED Chairman Jerome Powell to Speak This Week – Here are the Date, Time and Details

Federal Reserve Chair Jerome Powell will be speaking at the New York Times DealBook Summit on December 4, and market participants will be closely watching his comments on the pace of rate cuts. This follows the release of the Federal Reserve's November monetary policy meeting minutes, which showed a cautious approach to future rate cuts. Market expectations for interest rates indicate a significant shift, with a forecast of over 100 basis points of cuts next year. Powell's speech comes as U.S. stock markets perform well, with the S&P 500 Index posting its biggest monthly gain since November 2023. The market is also focusing on upcoming U.S. labor market data, which could impact expectations for rate cuts. Analysts are considering the Fed's next moves given improving economic conditions.

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