Fed Officials' Statements in Focus Next Week: Implications for Dollar and Gold

Following the end of the Fed's "quiet period," investors will be closely monitoring the speeches of Fed officials next week. If Fed officials decline to promise further significant interest rate cuts this year, the dollar could rebound, potentially dragging gold prices lower. However, if Fed officials hint at considering another 50-basis point rate cut at the November meeting, the dollar might struggle to find support.

Here are some key macroeconomic events worth watching next week:

Monday:

• 8:00 PM: Atlanta Fed President Raphael Bostic, a 2024 FOMC voter, will deliver remarks on the economic outlook.
• 10:15 PM: Chicago Fed President Austan Goolsbee, a 2025 FOMC voter, will participate in a fireside chat.

Tuesday:

• 1:00 AM: Minneapolis Fed President Neel Kashkari, a 2026 FOMC voter, will deliver a speech.
• 10:00 PM: The US Conference Board's Consumer Confidence Index for September will be released.

Thursday:

• 9:10 PM: Boston Fed President Susan Collins will host an online event on central banking regulation and financial inclusion, with Fed Governor Philip Jefferson participating.
• 9:20 PM: Fed Chair Jerome Powell will deliver prerecorded remarks for an event.
• 9:25 PM: New York Fed President John Williams, a permanent FOMC voter, will deliver a speech.
• 10:30 PM: Fed Governor Michelle Bowman will deliver remarks.

Friday:

• 1:00 AM: Minneapolis Fed President Neel Kashkari (2026 FOMC voter) and Fed Governor Michelle Bowman will participate in a fireside chat.
• 9:30 PM: Boston Fed President Susan Collins (2025 FOMC voter) and Fed Governor Philip Jefferson will deliver speeches.