2024-07-14 22:40:00 ET
The S&P/TSX Venture Composite Index (INDEXTSI: JX ) gained 7.94 points last week to close at 593.70.
Federal Reserve Chairman Jerome Powell met with lawmakers this past week, addressing the US Committee on Banking, Housing and Urban Affairs on Tuesday (July 9) and the House Financial Services Committee on Wednesday (July 10).
In his testimony on Tuesday, Powell repeated the Fed’s stance that it would continue to wait for more data that inflation was sustainably moving to the 2 percent target rate. He also acknowledged that the labor market was weakening, but said the unemployment rate remained at historically low levels.For further details see:
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