Deeper Analysis
U.S. Data and Powell Testimony Rundown
June 24, 2025
Despite scalding criticism of Jerome Powell by President Trump over the past few days, the chairman’s testimony remained closely aligned with his press conference last week. The nuanced message depicts a rate cuts as highly likely during the second half of 2025; justifies the lack of a cut during the year’s first half by the […] More
New Overnight Developments Abroad - Daily Update
Fragile Truce Between Iran & Israel, Powell’s Upcoming Testimony and Another Sign of Slow Improvement in German Business Sentiment
June 24, 2025
In a triumph of geopolitics over economics, financial markets rallied initially overnight on news of the ceasefire agreement between Iran and Israel, but that momentum paused on doubts the truce will hold. Fed Chairman Powell’s semiannual Monetary Policy Report to congress (formerly known as the Humphrey-Hawkins testimony) kicks off at 10:00 EDT today before the […] More
