Fed officials to discuss global risks ahead of retail sales report

The day's events will begin with Jefferson's opening remarks at the SNB-FRB-BIS Global Risk Conference at 05:30 TRT. This conference, which involves 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 scheduled to testify at the "Oversight of Financial Regulators" session at 10:00 UTC. This hearing will likely provide insights into the regulatory environment and how it has evolved in response to various market pressures.

Mester will open the "Conversations on Central Banking: The Unequal Burden of Inflation" event at 11:00 UTC. The discussion is set to highlight how different demographic groups are uniquely affected by inflation, a topic that has gained importance as inflationary pressures persist in the economy.

In the afternoon, Goolsbee is scheduled to deliver a speech on topics related to the economy and monetary policy at the Detroit Economic Club at 12:45 UTC. Goolsbee's speech may offer perspectives on current economic challenges and the Fed's policy approach, amidst ongoing debates regarding interest rate hikes and measures to combat inflation.

These discussions come at a critical time, with significant speculation regarding a possible Fed interest rate hike due to stubborn core CPI figures. US CPI data is being closely watched as it influences decisions for the upcoming December FOMC meeting. In addition, the US Retail Sales report, which is expected to be 'moderate' and has the potential to influence market sentiment and future monetary policy directions, is awaited on Wednesday.

News Source: 12punto