Page 2 - Powell Testimony News Today

The Bank of Canada raised its benchmark rate by 0.25% as policymakers look to tamper down sticky inflation.

In prepared remarks for his testimony to the US House of Representatives Financial Services Committee, Powell reiterated the core Fed narrative that high inflation and an "extremely tight" labor market warrant higher interest rates.

"I’m inclined to propose and support a 25 basis point rate hike," Powell testified before Congress about the Fed's upcoming March meeting.

Wall Street equities gained after Federal Reserve Chair Jerome Powell reassured investors that the central bank will contain inflation without hurting the economy. Asia-Pacific markets may open hig...

Bitcoin (BTC) Bulls Emerging, US Dollar Struggles, Focus on Powell Testimony Risk

Inflation is running at more than twice the Fed's target while unemployment is back to near its pre-pandemic level.

Gold, Silver Forecast: Powells Testimony to Underpin XAG/USD, XAU/USD 2021-02-23 03:00:00 Daniel Moss, Analyst Gold, Silver, Fiscal Stimulus, Federal Reserve, Powell Testimony – Talking Points: Rising inflation expectations, depressed real rates, and a weaker USD may underpin precious metal prices. Double Bottom reversal could trigger further gains for gold prices. Silver poised to extend climb higher after clearing key resistance. Advertisement As mentioned in previous reports, the combin...