Investors Gear Up for Fed Chair Powell's Testimony and NFIB Small Business Confidence Report

Tuesday, 9 July 2024, 07:08

As markets prepare for Federal Reserve Chair Powell's testimony, expectations lean towards a mildly dovish tone. US Treasuries and the dollar remain stable while investors await insights from Powell's appearance before the Senate Banking Committee. Alongside Powell's testimony, the US NFIB small business confidence report serves as a key data point of interest for market participants. The combination of these events is likely to influence market sentiment in the short term, reflecting on the economic outlook.
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Investors Gear Up for Fed Chair Powell's Testimony and NFIB Small Business Confidence Report

Fed Chair Powell's Testimony to Impact Markets

Investors await insights from Powell's appearance before the Senate Banking Committee, expected to have a dovish tone.

US Treasuries and Dollar Stable

Markets remain calm with little movement in US Treasuries and the dollar amidst the anticipation.

Key Data: US NFIB Small Business Confidence

The release of the US NFIB small business confidence report is highly anticipated alongside Powell's testimony.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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