The global financial markets are keeping a close eye on today’s lineup of Federal Reserve speakers. With multiple central bankers scheduled to share their insights, traders, economists, and investors are poised to interpret every word for potential clues about the future of U.S. monetary policy.

Here’s a quick overview of today’s speaking schedule, listed in GMT:

2:15 PM – Fed Bowman

Governor Michelle Bowman is first on the docket. Known for her focus on community banks and financial regulation, Bowman’s comments might touch on how broader monetary policies are impacting smaller financial institutions and regional economies.

3:30 PM – Fed Goolsbee

Next up is Austan Goolsbee, President of the Federal Reserve Bank of Chicago. Goolsbee often emphasizes data-driven decision-making, and his remarks today could shed light on his perspective regarding inflation trends, labor market strength, or economic risks heading into 2024.

5:00 PM – Fed Hammack

Following Goolsbee, Federal Reserve Board member Chris Hammack takes the stage. His expertise in finance and risk management means his remarks might provide insights into systemic risks or liquidity conditions in today’s financial ecosystem.

6:00 PM – Fed Daly

Finally, Mary Daly, President of the Federal Reserve Bank of San Francisco, will round out the day’s commentary. Daly’s speeches often highlight social equity, employment, and inflation balance, making her perspective particularly relevant as policymakers aim to achieve a “soft landing” for the U.S. economy.

What to Watch For

Markets are particularly sensitive to any remarks that could signal shifts in interest rate policy. Recent data releases, including inflation reports and employment numbers, suggest the Fed’s battle against inflation is far from over. Will today’s speakers indicate that the central bank is leaning towards further rate hikes? Or will they hint at a pause to assess the economy’s trajectory?