USD price today November 2, 2023: Slightly decreased

Powell's remarks in the press conference after the Fed ended its November policy meeting had mixed messages, making investors doubt that the Fed will just raise interest rates one more time. Mr. Jerome Powell said that there is still a long way to go to bring inflation back to the 2% mark, but the recovery of the economy and labor demand can ensure the Fed raises interest rates further.

Some recent US economic information is not very positive. Recently released data from the US shows slowing growth of the world's largest economy. US manufacturing activity fell sharply in October due to a decline in new orders and employment. Additionally, ADP's National Jobs report on private payrolls increased slightly by 113,000 jobs in October, after gaining 89,000 jobs in September.