What to Watch for in Federal Reserve Rate Decision

The transcript discusses the Federal Reserve's November meeting, focusing on expectations for interest rate changes and market reactions. The conversation highlights the potential for a step down in rate increases, the importance of economic indicators, and the Fed's approach to future guidance. Jay Powell's communication strategy and its impact on financial conditions are also examined.

What is the significance of the phrase 'data-driven' in the context of central banks as mentioned in the text?

What economic indicators are mentioned that will influence the Fed's decisions before the next meeting?