The unexpected rise in US inflation in September has rekindled market expectations that the Federal Reserve may raise interest rates this month. A few weeks earlier, as central bank officials released signals that they had time to wait, this month's rate hike seemed unlikely. Federal Reserve Chairman Walsh has vowed not to guide the market with his own views on the future of monetary policy in the near future. However, the unexpected rise in inflation data made outsiders pay more attention to his statement in Bangkok on Thursday evening New York time. At that time, he will have a fireside conversation with IMF Managing Director Georgieva. Due to the upcoming interest rate meeting, the Federal Reserve will enter a so-called quiet period this Saturday. This means that if the central bank wants to send a signal about possible interest rate decisions at this meeting, it may only be conveyed by Chairman Walsh. Bank of America's US interest rate strategist Meghan Swiber said investors “wait for Walsh on Thursday to give the Federal Reserve the green light to continue raising interest rates.” When talking about inflation data, Swiber said, “The range of price increases this time is quite broad, and it is difficult for the Federal Reserve to ignore it.”

The unexpected rise in US inflation in September has rekindled market expectations that the Federal Reserve may raise interest rates this month. A few weeks earlier, as central bank officials released signals that they had time to wait, this month's rate hike seemed unlikely. Federal Reserve Chairman Walsh has vowed not to guide the market with his own views on the future of monetary policy in the near future. However, the unexpected rise in inflation data made outsiders pay more attention to his statement in Bangkok on Thursday evening New York time. At that time, he will have a fireside conversation with IMF Managing Director Georgieva. Due to the upcoming interest rate meeting, the Federal Reserve will enter a so-called quiet period this Saturday. This means that if the central bank wants to send a signal about possible interest rate decisions at this meeting, it may only be conveyed by Chairman Walsh. Bank of America's US interest rate strategist Meghan Swiber said investors “wait for Walsh on Thursday to give the Federal Reserve the green light to continue raising interest rates.” When talking about inflation data, Swiber said, “The range of price increases this time is quite broad, and it is difficult for the Federal Reserve to ignore it.”