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Federal Reserve Chair Jerome Powell is slated to speak Wednesday at the Brookings Institution.

His comments will come as investors look for clues on future monetary policy moves by the U.S. central bank.

The Fed has raised rates by 75 basis points at each of its last four meetings. The central bank is expected to hike rates again in December, but only by 50 basis points, or 0.5 percentage point.

Also on CNBC

• Job openings fell in October amid Fed efforts to cool labor market
• Private hiring increased by 127,000 in November, below estimate, ADP reports
• Elon Musk says the Fed must cut rates ‘immediately’ to stop a severe recession

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