Financial news - Powell in Congress, Biden moves on, corporate company news
Fundamental Analysis
• Fed Chairman Jay Powell will kick off two days of semi-annual congressional hearings with Senate testimony on Tuesday. Inflation was a concern at the start of the year but has slowed recently, while the labor market shows signs that months of tight policy are taking their toll. Traders will be watching how Powell balances the risk of renewed price pressures without creating unnecessary hardship for voting American workers. The day after Powell's testimony ends on Thursday, the latest consumer price data will be released, which will likely be the opposite of the...