Fed Chairman Jerome Powell has a prime opportunity to either reset or ratify expectations of an interest-rate cut during two days of testimony on Capitol Hill starting today.
With bond markets betting that the Federal Reserve is likely to cut interest rates at its July 30-31 meeting, Chairman Jerome Powell has a prime opportunity to either reset or ratify those expectations during two days of testimony on Capitol Hill starting Wednesday.
He will be making his first public remarks on monetary policy since President Trump and Chinese President Xi Jinping last month agreed to resume trade talks and the Labor Department released data Friday showing U.S. labor markets were solid through the first half...
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