Fed plan to raise bank capital requirements will be a focus As well as Inflation, interest rate policy also likely topics at hearing،The hearing is expected to include the progress made in fight against inflation and offer cues to interest rate cuts. The rates are at a 23-year high of 5.25-5.5 percent.
Federal Reserve Chair Jerome Powell will give the Senate banking committee its biannual monetary policy update on March 7, a spokeswoman for the committee said.Investors will pay keen attention to Powell’s congressional testimony, likely his last public steer before the Fed’s mid-March meeting at which policymakers will assess progress on their fight against inflation and potentially signal when they may start cutting interest rates.
Federal Reserve Chair Jerome Powell is expected to double down on his message that there’s no rush to cut interest rates, especially after fresh inflation data showed that price pressures persist
What Bloomberg Economics Says: Powell is expected to maintain a hawkish stance in his semi-annual testimony to Congress, signalling to markets that the Fed is in no hurry to cut rates. If that leads to tighter financial conditions, it will keep the pressure on the economy and raise the chance of additional lagged impacts from monetary policy.
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Shady Fouad is a technical analyst at LDN Company
Shady's strategic vision in the currency markets is reinforced by more than fifteen years of trading experience, which enables him to blend economic and technical analyzes with high efficiency, and find the best investment ideas for traders.
