Powell testimony
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
Markets Okay With Powell’s Policy Message and Ongoing U.S. Political Strife
July 10, 2024
In Senate testimony yesterday, Fed Chairman Powell hardly deviated from the June FOMC meetings signal. Officials want to be more sure that U.S. inflation is returning to the 2% target in a sustaining way before starting to lessen their restrictive stance. Compared to information covering the first quarter of 2024, inflationary pressures and labor market […] More
Somewhat Firmer Dollar and Share Prices Holding onto Monday’s Recovery
June 22, 2021
The dollar firmed overnight by 0.2% against its weighted DXY index, the yen, euro, Swiss franc and loonie. The dollar also advanced 0.3% against the Australian dollar and sterling, 0.4% versus the Mexican peso, and 0.1% vis-a-vis the kiwi and yuan. The dollar fell back 0.9% against the Turkish lira from a record high. Last […] More
Dollar Higher on News of Industrial Production Rebound and Amid Powell Testimony
July 17, 2018
The dollar is trading above Monday closing levels by 1.0% against the Swiss franc, 0.6% versus the yen and sterling, 0.4% vis-a-vis the Australian dollar and 0.2% relative to the euro, loonie, yuan and peso. U.S. industrial production rebounded 0.6% in June from a 0.5% decline in May. Factory output advanced 0.8%, and overall capacity […] More
