*MARKETS AWAIT POWELL TESTIMONY AMID SPECULATION FOR FURTHER RATE HIKES 🇺🇸🇺🇸
remain mixed on Wednesday following Wall Street's declines yesterday and the mixed tone in Asian markets early this morning.hikes, this week investors' attention is on the appearances today and tomorrow of Chairman Jerome Powell before the U.S. Congress and the Senate, respectively.
This Wednesday, Powell will speak at 10:00 ET before the House Financial Services Committee and tomorrow before the Senate Banking Committee. The analysts added that in this regard, it should be noted that, although FOMC members made it clear that they expect two more rate hikes before the end of the year, the markets do not quite believe it, with most investors betting that the Fed will only carry out one more, probably at the July FOMC meeting.
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