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Stay tuned tonight to see whether Powell will use this wording!
The market widely expects Powell to continue "drawing cakes", with key points lying in some subtle wording changes...
Powell steals the spotlight today! Biden stubbornly refuses to withdraw from the election, and France may face political paralysis.
Washington largely stole the spotlight today (July 9), even as political trade continues to be in full swing following the French elections.
Analysts strongly recommend that the Federal Reserve cut interest rates three times this year!
Analysts believe that the Federal Reserve must address problems in advance and there is no reason to wait until they occur before taking action.
Decision Analysis: Yen and Renminbi Finally Catch Their Breath! Japanese Stocks Are Going Crazy, Will Powell Sing Dovish Today?
On Tuesday, July 9th, Japan's Nikkei/Yen reached a new historical high, while investors in other regions anxiously await Federal Reserve Chairman Jerome Powell's testimony to see if he will support an interest rate cut following concerns over a cooling US labor market.
US: Jobs Gain Beat Forecast but Unemployment Rate Rose – UOB Group
The US employment report was again mixed. Continued rise in unemployment rate, benign wage growth and decline in ISM services/factory orders lifted Federal Reserve (Fed) rate cut expectations, UOB Group Senior Economist Alvin Liew notes.
Powell's Testimony Today: Key Dates Ahead of Next Fed Meeting -- WSJ
Federal Reserve Chair Jerome Powell's testimony before a Senate committee this morning could give traders more insight on how interest rates might move this year.