Federal Reserve Chairman Powell gave a speech in the early morning of October 20, and the market focused on clues about the path of future interest rate increases.

News on October 19, according to China Securities Journal, Federal Reserve Chairman Powell will deliver a speech at the Economic Club of New York at 00:00 Beijing time on Friday. This is also the most important official meeting before the silence period of next month’s Federal Open Market Committee (FOMC) meeting. Take a stand. Powell's views on the "prospects for interest rate hikes" and "surging U.S. bond yields" will be the focus. Global financial markets are looking forward to getting new clues about the path of future interest rate hikes.

Market participants believe that the outlook for the Federal Reserve to raise interest rates is full of mist. On the one hand, some economic data are still resilient, and expectations for interest rate hikes at the end of the year have increased. On the other hand, the U.S. debt crisis continues to rage, and many Federal Reserve officials have turned to a "dovish" attitude. Therefore, Powell’s views on the “prospects of interest rate hikes” and the “surging U.S. bond yields” will be the focus tonight.