Powell Part Two: Fed Chair Heads Back To Hill As Investors Digest Flurry Of New Earnings
By JJ Kinahan
For the second straight day, investor attention could zero in on Capitol Hill as Fed Chair Jerome Powell takes the mic to address elected officials on the economy. He delivered a pretty dovish message yesterday, but markets didn’t appear to move too much in response.
Other than the Powell testimony (more below), there doesn’t appear to be a major theme Wednesday as things get started. In geopolitics, President Trump meets with North Korea’s president today, but that arguably hasn’t been a market mover lately. There’s also some tension developing between Pakistan and India, which could inject a bit of anxiety into things. Stocks fell yesterday and began the new day with a weaker tone amid mixed action overseas.
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