FOMC Decision & Global Central Bank Moves
The Fed's rate statement and Powell press conference dominate today's macro calendar. Separately, the Bank of England is reported to be preparing short-term precautionary monetary tightening in November.
What we know
An account on X lays out the day's key events with the FOMC Rate Statement at 14:00 EST and Powell press conference at 14:30 as the headline risk. On the other side of the Atlantic, another account on X reports the Bank of England is set to begin 'short-term precautionary monetary tightening' in November per the FT — an unexpected hawkish shift that adds cross-asset volatility. Crude oil is also bid higher today, partly tied to geopolitical risk ahead of the Fed decision.
How the story developed
The Fed's rate statement and Powell press conference dominate today's macro calendar. Separately, the Bank of England is reported to be preparing short-term precautionary monetary tightening in November.
The Bank of England has ordered a review of Revolut's product approval processes, while HSBC reported climbing earnings and announced $1B in share repurchases.
The Bank of England is reviewing Revolut's product approval controls just as the fintech announces Revolut Ventures — a 2027 product giving retail users access to private tech company investments.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.