1:38 PM · 7 March 2023

Powell likely to caution that strong economy could lead to more rate hikes, according to WSJ

Wall Street Journal's Nick Timiraos in latest piece wrote that "Powell is likely to caution on Capitol Hill that strong economic activity this year could lead U.S. central bank officials to raise interest rates more than they expected to combat high inflation". Text to Powell's testimony should be published around 1:30 pm GMT.

US2000 and other US stock futures held steady on Tuesday as investors cautiously await Fed Chair Powell’s congressional testimony. Source: xStation5

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