TD Securities: All eyes on Fed’s Powell Testimony this week

TD Securities analysts suggest that markets will be keenly watching the US Fed Chair Powell this week, who will be giving two days of Congressional (formerly known as  Humphrey-Hawkins) testimony.

Key Quotes                                               

“Expect him to emphasize patience, stating that any more hikes this year would likely require some pickup in inflation.”

“On the balance sheet, he will not front-run the FOMC and announce anything new, but repeat that the Committee expects runoff could end later this year.”