Federal Reserve Chairman Powell testifies at the Senate Banking Committee (subtitle translation)

Chairman Powell will testify about the semi-annual monetary policy report at the U.S. Congress Senate Banking Committee (public hearing) at 7/9 11:00 p.m. Japan time.　 　

According to a series of indicators showing accelerated inflation announced in June, the Federal Reserve set interest rates to the current5.25% to 5.5%I left it unchanged within the range. What is the forecast for interest rate cuts in 2024Once onlyI found out that it was fixed to. 　

The current monetary policy report summarizes the state of the US economy and the implementation of the Federal Reserve's monetary policy in the first half of 2024. The impact of the report itself on the US stock market can be said to be “minimal.” What is most important is the exchange between Mr. Powell and the Senator that will take place on Tuesday (7/9).The details of the testimony will be shared live, so stay tuned! 　

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