The central bank’s statement highlighted the robust pace of economic activity in the third quarter, although acknowledging a moderation in labor market gains. During a subsequent press conference, Chairman Jerome Powell intimated the possibility of a December rate hike, while also emphasizing the bank’s ongoing commitment to achieving its 2% inflation target. As the market gears up for the impending U.S. non-farm payrolls report, it will be eagerly observing any hints about the Federal Reserve’s future interest rate strategy.