Announcement
Super Grannies and Market Update – June 30 Webinar Cancelled

Powell Appears Before Congress, Beige Book Released, Fed Nominations Still Frozen

US Federal Reserve Chairman Jay Powell testified by the House Financial Services Committee and the Senate Banking Committee this week. Powell performed to the market’s liking and provided great stability for the upcoming meeting, all but assuring a 25 bps hike will occur in the coming weeks. He mentioned a key consideration of the committee will be how and how much to shrink its burgeoning balance sheet by. Of course, Powell was asked about the escalating conflict in Ukraine. He said this woul

US Federal Reserve Chairman Jay Powell testified by the House Financial Services Committee and the Senate Banking Committee this week. Powell performed to the market’s liking and provided great stability for the upcoming meeting, all but assuring a 25 bps hike will occur in the coming weeks. He mentioned a key consideration of the committee will be how and how much to shrink its burgeoning balance sheet by. Of course, Powell was asked about the escalating conflict in Ukraine. He said this would of course be considered by the committee, but that generally their focus and dedication to curbing inflation is still the top priority.

...

Finish reading this report for free

Enter your email and we’ll send the paywall-free link directly to your inbox

In addition to your unlocked report, you will receive our weekly market newsletter FSI Snapshot, as well as occasional updates and offers from FS Insight. You can unsubscribe at any time. For more information, see our privacy policy.

Get unlimited access to Tom Lee’s Fundstrat research Subscribe
Already a member? Log in
Disclosures (show)

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 2/2

🎁 Unlock 1 extra article by joining our Community!

You are reading the last free article for this month.

By continuing, you agree to the Terms of Service and Privacy Policy.

Already have an account? Sign In

Trending tickers in our research

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 2/2

🎁 Unlock 1 extra article by joining our Community!

You are reading the last free article for this month.

By continuing, you agree to the Terms of Service and Privacy Policy.

Already have an account? Sign In