WATCH LIVE: Fed Chair Jerome Powell Testifies on Capitol Hill
Federal Reserve Chair Jerome Powell is set to deliver his semi-annual testimony on Tuesday, a highly anticipated event that could provide significant insights into the central bank's future monetary policy.
Powell's testimony comes at a pivotal moment, with the Fed Chair likely to face questions on factors such as the interest rate path, inflation, and the economic growth outlook. Investors are particularly focused on Powell's stance regarding future rate cuts. Data recently showed a sharp rise in expectations for a September rate cut by the Fed, although some believe the first rate cut will arrive in December."Last week's FOMC Minutes already displayed a shift in the Fed's tone, toward caring more about the loosening labor market and softening activity indicator," they wrote.
As Powell takes the stand, markets will be closely monitoring his every word for clues about the Fed's future actions.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
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