US stocks traded mixed on Tuesday as investors awaited an appearance by Federal Reserve Chairman Jerome Powell on Capitol Hill.
He will testify before the Senate Banking Committee at 10 a.m. ET to deliver the central bank's semiannual monetary policy report to Congress. On Wednesday, he will testify before House Financial Services Committee. The testimony comes amid signs of sticky inflation and indications that the Fed will remain aggressive on rates to rein in inflation. Over the weekend, dovish policymaker San Francisco Fed President Mary Daly said central bankers need raise interest rates higher and keep them there longer.
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Stock market news today: Stocks mixed with Powell testimony on the radarUS stocks end mixed as investors brace for Powell's testimony to Congress
Source: BusinessInsider - 🏆 729. / 51 Read more »
What stock-market investors want to hear when Fed's Powell testifies before Congress this weekA modest U.S. stock-market recovery from last year’s carnage will be again put to the test this week, as investors closely watch Powell’s testimony to... That he is done raising rates and killing American interest. Fuck what stock market investors want. Heres what home owners want Powell to say 'guilty' Doesn’t matter what they want, they will be getting a massive bloodbath and continuing crash.
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