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What to Watch: Fed Chair Congressional Testimony Part Two

  • Focus turns to flurry of US data at the bottom of the hour with SNB (+25bp), Norges (+50bp) and BOE (+50bp) rate hikes in the rear view mirror.
  • Weekly Claims, Chicago Fed Nat Activity Index and Current Account Balance at 0830ET. Existing Home Sales and Leading Index follow at 1000ET, Kansas City Fed Mfg Activity at 1100ET.
  • Fed Chairman Powell returns to Congress for part two of his semi-annual policy testimony at 1000ET.
  • Additional Fed speak includes Fed Gov Bowman open remarks Fed Listens event at 0955ET. Cleveland Fed Mester on economic/policy outlook, policy summit around 1000ET LINK
  • Richmond Fed Barkin speaks at a risk management conference later this afternoon at 1630ET.
  • Rounding up the week's Treasury supply, $70B 4W, $60B 8W Bill auctions at 1130ET, $19B 5Y TIPS re-open (91282CGW5) at 1300ET.

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