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
Daily Summary: The week ends on a positive note. SK Hynix up 14% on Nasdaq. Energy down (10.07.2026)
Three markets to watch next week (10.07.2026)
BREAKING: Iran and US are back at the negotiation table?! Oil takes a step back, stocks tick up!
Daily Wrap: Technology Leads Wall Street Higher. Markets Shrug Off US–Iran Tensions