Federal Reserve Chair Jerome H. Powell testifies before a House Financial Services hearing on "The Federal Reserve's Semi-Annual Monetary Policy Report" on Capitol Hill in Washington, U.S., March 8, 2023.by a quarter point next week, despite the second- and third-biggest bank failures in history.
A shopper browses meat department at a Los Angeles supermarket on Feb. 13, 2023 in Los Angeles.Speaking of inflation, the government's consumer in flation report for February is due at 8:30 a.m. ET Tuesday. It's expected to come in somewhat cooler than January's consumer price index, showing that the Fed continues to make a little progress in its battle against price increases.
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