Fed Official Schmid: Inflation Remains Top Priority

Fed Vice Chair Schmid reaffirmed inflation as the central bank's primary focus, signalling the Fed's reaction function remains calibrated to price pressures. This follows stronger-than-forecast US employment (165k) and moderating wage growth (3.1% Q3), setting the stage for Core PPI and PPI releases on 13 Nov. USD sensitivity to inflation narratives persists amid post-midterm political uncertainty.