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Fed Chair Powell Leads to Capitol Hill – What to Know in Markets Wednesday



<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Wednesday is ready to be a great day for the Federal First, Fed leader Jerome Powell heads to Capitol Hill to turn off two days of testimony in front of Congress, to deliver his biannual monetary report, so in the afternoon, the Fed will also release the June meeting. note these two potential market-floating events. "data-reactid =" 1
5 "> Wednesday gives a big day to the Federal Reserve. First, Fed leader Jerome Powell leads Capitol Hill to kick two days of testimony in front of Congress. He will deliver his biannual monetary policy report. So in the afternoon, the Fed will also release its June meetings. Investors will be aware of these two potential market floating events.

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" "data-response time =" 16 "> Powell can push the opportunity for price reductions in testimony this week ] "data-reactid =" 16 "> ] [Reads: Powell can push the opportunity for price reductions in testimony this week ]

< p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – -M Mt (0.8em) – sm" type = "text" content = "Powell's testimony comes to the heels of a" 19459007 "blowout June job report released Friday, the US labor market continues to remain the focal point of the economy, although other economic data suggest a deceleration, stocks slumped after the job report, as investors worried that stronger than expected data would dampen the chances of a decline in Fed's July meeting, nonetheless, e-markets are still pricing in a 100% chance of a 25 basis point cut in July. noted that the latest job report showed that the data was not weak enough for the Fed to cut prices this month's meeting. "Powell's testimony comes to the fore in a blowout June job report that was released on Friday. The US labor market continues to remain the bright spot in the economy, although other economic data points to a deceleration. Stocks lagged behind the job report as investors were worried that stronger than expected data would dampen the chances of a price cut at the Fed's July meeting, yet the markets are still priced at a 100% chance of a 25 basis point cut in July, with several economists noting that the latest job report showed data was not weak enough for the Fed to cut prices at the meeting this month.

"The latest better than expected economic data and easing trade-related uncertainties after the G-20 gives Powell the chance to push back against ground prices in a July cut. We believe that he is taking the opportunity to do just that while continuing to notice that uncertainties are elevated and global cross-currents remain, "Bank of America Merrill Lynch told a note on Friday.

Now many are wondering what the central bank's future will be. Money Politics The path will look like, and Powell could give some clues during his testimony. His language on the current state of the economy, as well as the risks and "cross-currents" will play a decisive role.

In addition to questions about the economy, Powell is likely to be grilled on political pressure, as President Donald Trump continues to

<p class = "canvas-atom rerun Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Meanwhile, at the Corporate Revenue page, the big box dealer Bed Bath & Beyond ( BBBY ) will release quarterly results after the market closes. "data-reactid =" 21 "> At the same time on the company's earnings side, the big box retailer Bed Bath & Beyond (BBBY) will release quarterly results after the market is close.

<p class =" canvas-atom canvas-text Mb – "data-response =" 22 ">

] <p class =" canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt ( 0.8em) – sm "type =" text "content =" Heidi Chung is a reporter at Yahoo Finance. Follow her on Twitter: @heidi_chung . "data-response time =" 23 "> Heidi Chung is a reporter at Yahoo Finance. Follow her on Twitter: @heidi_chung .

<p class = "text-text 0) – sm Mt (0.8em) – sm" type = "text" content = " Follow Yahoo Finance on Twitter Facebook Instagram [19659020] LinkedIn and reddit . "data-response time =" 24 "> Follow Yahoo Finance on [19659000] Twitter Facebook Instagram Flipboard LinkedIn and reddit .

p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " More from Heidi: " data-reactid = "27"> More from Heidi:

<p class = "canvas-atom lerrettext Mb (1.0em) Mb (0) – sm Mt (0.8em) type = "text" content = " Job report destroys expectations " data-reactid = "28"> Job report destroys expectations

<p class = "canvas-atom canvas text Mb ( 1.0em) Mb (0) – sm Mt (0.8em) type = "text" content = " First-half work cut was highest since 2009: Challenger " data-response time = "29" highest since 2009: Challenger

<p class = "canvas fabric lorry text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " US The employment of private business is growing at a disappointingly slow pace " data-response time = "30"> The US private sector is growing at a disappointingly slow pace

<p class = " canvas text 0) – sm Mt (0.8em) – sm "type =" text "content =" McDonald's Japan is one of the most popular places on Facebook "data-reactid =" 31 "> McDonald's Japan is one of the most popular places on Facebook

<p class =" canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type = "text" content = " Tyson on all meat: We go in great " data-reactid = "32"> Tyson on all meat: We go in big


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