Federal Reserve officials are set to deliver key speeches today, with a focus on global financial risks and the unequal burden of inflation, as markets anticipate Wednesday's US Retail Sales report.
The day's events will kick off with a keynote speech by Jefferson at the SNB-FRB-BIS Conference on Global Risk, scheduled for 0530 UTC. This conference, involving collaboration between the Swiss National Bank, the Federal Reserve Board, and the Bank for International Settlements, is expected to shed light on current global financial risks and stability concerns.
Later in the morning, Barr is slated to testify at the "Oversight of Financial Regulators" hearing at 1000 UTC. This hearing will likely provide insights into the regulatory landscape and how it is evolving in response to various market pressures.
Mester will inaugurate the "Conversations on Central Banking: The Unequal Burden of Inflation" event at 1100 UTC. The discussion is set to highlight how different demographics are affected by inflation in unique ways, a topic that has gained prominence as inflationary pressures persist in the economy.
In the afternoon, Goolsbee is scheduled to address the Detroit Economic Club on topics related to the economy and monetary policy at 1245 UTC. His speech may offer perspectives on current economic challenges and the Fed's policy approach amidst ongoing debates about interest rate hikes and inflation control measures.
These discussions come at a critical time when there is significant speculation about a potential Fed rate hike due to stubborn core CPI figures. The US CPI data has been closely watched as it influences the upcoming December FOMC meeting decisions. Additionally, there is anticipation for Wednesday's US Retail Sales report, which is expected to be 'tepid,' potentially influencing market sentiment and future monetary policy directions.
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