GSY - Will Powell's House Testimony Today Shift Rate Cut Expectations?

2024-03-06 09:05:00 ET

Summary

• Fed Chair Jerome Powell is scheduled to testify in the House on Mar. 6 and markets will be all ears on topics that offer guidance on the outlook for interest rate cuts.
• The current consensus anticipates that the central bank will begin easing policy at the June 12 FOMC meeting.
• Fed officials have been trying to soften expectations that a policy change is imminent.

Fed Chair Jerome Powell is scheduled to testify in the House today (Wed., Mar. 6), and markets will be all ears on topics that offer guidance on the outlook for interest rate cuts....

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