US: Fed speak in the limelight – TDS

In the US session, there are three Fed officials scheduled to speak on Tuesday, but none will delve into the outlook for monetary policy, points out the research team at TD Securities.

Key Quotes

“At 10:00 ET Minneapolis Fed President Kashkari will discuss immigration while Governor Brainard gives a speech on AI and fintech. Philadelphia Fed President Harker is scheduled to speak at the same conference as Brainard, though his comments will come in the afternoon at 14:20 ET.”

“NFIB Small Business Optimism for November is the lone data release although consensus expects the index to remain unchanged at 108.0.”

“On the trade front, White House is circulating a draft Commerce report over whether to impose auto tariffs. Trump will meet with his trade team today to discuss how to proceed.”