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
Three markets to watch next week (23.10.2026)
Daily Summary: Oil at five-month highs, indices under pressure (23.10.2026)
US Open: Further declines on Wall Street, Brent above 111 USD, AI correction continues (14.10.2026)
Macro Calendar: Preliminary PMI Readings and Earnings Ahead