World Week Ahead: Rate path check from Powell

Sun, 25 Feb 2018

By Margreet Dietz Feb 26 (BusinessDesk) - Investors will eye Federal Reserve chair Jerome Powell’s first testimony to Congress as well as a slew of US economic reports for clues on the incline of the path of interest rate increases. Powell, who succeeded Janet Yellen this month, testifies before House and Senate committees on Tuesday and Thursday. The Fed’s semiannual monetary policy report, already released last Friday, did not signal anything that suggested central policy makers have changed their mind about their plans to hike interes...

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