Market Notes for 10/13-10/17

Market Notes for 10/13-10/17

Market Notes for 10/13-10/17

Economic Calendar for the week: Due to the ongoing government shutdown, a lot of data is not getting released.

Fed Speakers:
A busy week of Fed commentary. Fed Chair Jerome Powell headlines the lineup, speaking Tuesday (Oct 14) at a NABE event, a key opportunity for any hints on the rate outlook. Several other officials — Bowman, Waller, and Collins — are also scheduled for Tuesday, followed by Miran, Waller (again), and others through mid-week. Markets will closely parse their tone on inflation, growth risks, and the ongoing fiscal stalemate. With futures pricing in roughly a 95% chance of another Fed rate cut at month-end, any unexpectedly hawkish remarks could spark a volatility uptick and short-term risk-off move.