Amid the gap in economic indicators caused by the US government shutdown, Powell's speeches and the FOMC meeting minutes are serving as the market's compass.

The delay in the release of September employment statistics has increased current market uncertainty. Investors are currently pricing in a 90% probability of a 25 basis point rate cut at the Federal Reserve(Fed) policy meeting on October 29, which is also aligned with recent soft signals from the labor market.

What complicates the current situation is the tension between weak employment data and inflation expectations. While private employment figures remain soft, inflationary pressures persist, drawing attention to how the Fed will steer its policy.

In this context, Powell's scheduled speeches and the FOMC meeting minutes are key resources for understanding the Fed's true policy intentions. Statements from policymakers and the committee's minutes are expected to be crucial information sources for investors interpreting future monetary policy directions.