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HIGHLIGHTED ECONOMIC NEWS ON OCTOBER 16

📣 FOMC Member Speech
FOMC member Kugler gave a speech this evening. He is a voting member from September 2023 to January 2026. Fed Governor Christopher Waller expressed concerns about the pace of the Fed’s interest rate cuts following recent inflation data that was “not as expected.”
He noted that while inflation has decreased, data from the past three weeks has been inconsistent, and he warned that the Fed should be more cautious in adjusting its monetary policy.

📊 Import Price Data
Import price data will be released. This is a key indicator in predicting inflation trends, as it impacts business and consumer costs, especially for those reliant on imported goods and services.

=> Conclusion
Both of these events have the potential to affect the value of the USD. Investors should closely monitor them to adjust their trading strategies accordingly, based on the economic signals from the FED.