Category: testimony

  • Japanese rates could trail yen, stock market ahead of Ueda’s testimony By Investing.com

    Bank of Japan Governor Kazuo Ueda is scheduled to speak to parliament on Friday, facing the delicate task of informing policymakers of possible future monetary policy amid current market volatility. Japanese stock markets have been steadily rising recently, with the index hitting an all-time high, while the yen fell to…

  • Japanese rates could trail yen, stock market ahead of Ueda’s testimony By Investing.com

    Bank of Japan Governor Kazuo Ueda is scheduled to speak to parliament on Friday, facing the delicate task of informing policymakers of possible future monetary policy amid current market volatility. Japanese stock markets have been steadily rising recently, with the index hitting an all-time high, while the yen fell to…

  • CFRA sees 3 clues from Powell’s Congressional testimony about the timing of rate cuts

    Bonnie Cash/Getty Images News Market research firm CFRA said it spotted three hints about the timing of a rate cut from Fed Chair Jerome Powell’s comments. Policy Certificate This week on Capitol Hill. Powell appeared before the House Financial Services Committee on Wednesday, concluding his remarks. Two days with legislators…

  • Fed Head Powell’s Testimony Kept September Cut on the Table As Labor Market Cools

    Federal Reserve Chairman Jerome Powell was the center of attention in his testimony before the Senate Banking Committee, where he suggested that waiting too long to cut interest rates could risk harming the U.S. labor market. Although he declined to offer any explicit guidance on easing, Powell acknowledged that business…

  • Forexlive Americas FX news wrap 9 Jul: Powell’s testimony keeps easing door open for Sept.

    Federal Reserve Chairman Powell testified before the U.S. Senate today on Capitol Hill in the first of two testimony before U.S. lawmakers. The Fed chairman will speak before the House of Representatives tomorrow. During his testimony today, the Fed chairman explicitly said he would not talk about changing the interest…

  • US stocks mostly higher; tech sector gains ahead of Powell’s testimony By Investing.com

    U.S. stocks rose slightly on Tuesday as growing expectations of a September interest rate cut kept the technology sector strong ahead of testimony from Federal Reserve Chairman Jerome Powell. The Nasdaq Composite Index was down 40 points, or 0.1%, at 09:35 ET (13:35 GMT), while the Dow Jones Industrial Average…

  • US stocks mostly higher; tech sector gains ahead of Powell’s testimony By Investing.com

    U.S. stocks rose slightly on Tuesday as growing expectations of a September interest rate cut kept the technology sector strong ahead of testimony from Federal Reserve Chairman Jerome Powell. The Nasdaq Composite Index was down 40 points, or 0.1%, at 09:35 ET (13:35 GMT), while the Dow Jones Industrial Average…

  • Shares post patchy performance ahead of Powell testimony By Reuters

    (Repeated to add title tag, no change to story content) By Tom Wilson LONDON (Reuters) – Stock markets were mixed on Tuesday as investors waited to see whether U.S. Federal Reserve Chairman Jerome Powell would support an interest rate cut after evidence emerged of a slowdown in the U.S. labor…

  • As Powell’s testimony goes on, the USDCAD is stuck in an up and down range.

    The USDCAD currency pair has been trading in an up and down range for the past few days. Yesterday’s low was 1.36238. Today’s high was 1.3647. That’s not much movement. It is within the range of its 100-day moving average between the levels at 1.36369, and the price has been…

  • Dollar gains ahead of Powell testimony; euro stabilizes By Investing.com

    The U.S. dollar rose in early European trading on Tuesday, recovering from a one-month low ahead of Federal Reserve Chairman Jerome Powell’s Senate testimony, while the euro held firm amid a volatile French political climate. At 04:45 ET (08:45 GMT), the dollar index, which tracks the greenback against a basket…

  • US stock futures edge lower with Powell testimony, CPI data on tap By Investing.com

    U.S. stock index futures were slightly lower in overnight trading on Sunday as investors looked ahead to Federal Reserve Chairman Jerome Powell’s testimony and key inflation data for more cues on interest rates this week. Futures were steady after Wall Street surged to record highs on Friday as weaker-than-expected data…

  • Newsquawk Week Ahead: US CPI, Powell testimony and US earnings

    Sun: French Election (second round) Mon: CNB Minutes (June), Eurogroup Informal meeting of Competitiveness Ministers; Japanese Overtime Pay (May),German Trade Data (May), EZ Sentix Index (July), BoI Announcement, US Employment Trends Tue: BoJ Bond Meeting 9-10, EIA STEO; Australian Consumer Sentiment, Hungarian CPI (June), Mexican 12-monthInflation (June), Powell Testimony (Senate)…