
Bank of England Decision, US Jobs Report, and More
Bloomberg Daybreak: Europe Edition
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Upcoming interest rate decision and jobs report
In this chapter, they discuss the upcoming interest rate decision by the Federal Reserve policymakers and the jobs report for the month of October. They mention that the Fed is expected to maintain its current pause on interest rate hikes due to the recent increase in market rates. They explain that the Fed wants to wait and see how the market rates affect inflation and the overall economy, and they don't want to exacerbate any potential slowdown. They also mention that there will be no new economic forecasts or dot plot, and the focus will likely shift to the December meeting.
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