My top 10 things to watch Wednesday, Nov. 1 Fed day. No interest rate hike expected. Everybody is wondering about whether central bankers are still committed to higher for longer. The October-November meeting ends Wednesday afternoon. Policy statement at 2 p.m. ET and Fed Chairman Jerome Powell news conference at 2:30 p.m. ET. Treasury Department on Wednesday morning details plans to accelerate the size of bond auctions to handle government debt load in high-rate environment.
Treasury Department on Wednesday morning details plans to accelerate the size of bond auctions to handle government debt load in high-rate environment. TheAhead of Friday's government jobs data, ADP reports less than expected private-sector job growth in October and the smallest annual wage gain since October 2021. Theare set for a mixed open on the first day of November, historically the strongest month of the year. October: not so much. S&P 500 dropped 2.2% for the month.
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