TD Securities analysts suggest that markets will be keenly watching the US Fed Chair Powell this week, who will be giving two days of Congressional (formerly known as Humphrey-Hawkins) testimony.
Key Quotes
“Expect him to emphasize patience, stating that any more hikes this year would likely require some pickup in inflation.”
“On the balance sheet, he will not front-run the FOMC and announce anything new, but repeat that the Committee expects runoff could end later this year.”
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