New Overnight Developments Abroad - Daily Update
Equities and Dollar Holding Firm Ahead of Fed Chairman Powell’s Congressional Testimony
July 9, 2024
The Fed Chairman will present semi-annual testimony on monetary policy to the Senate Banking Committee today and the House Financial Services Committee tomorrow. Both hearings begin at 10:00 AM EDT (14:00 GMT). Market speculation about a rate reduction as soon as September’s FOMC meeting got a big lift from Friday’s June U.S. labor market statistics […] More
