The New Yorker Handelsblatt correspondent explains why leading US monetary politicians are currently reluctant to make public appearances.
new York The tough rate hikes of the major central banks have been determining movements on the markets for months. In all likelihood, the European Central Bank (ECB) will tighten interest rates again this week, while the so-called quiet period has begun for the US Federal Reserve: the leading monetary politicians are holding back on making public appearances in order to get ahead of the interest rate decision on November 2 not to accidentally send signals to the markets. That could be especially important this time.
A rate hike of 0.75 percentage points is considered a foregone conclusion. But the US central bankers will also discuss at their meeting how they can end the most aggressive monetary policy in 40 years.
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