Federal Reserve Chairman Jerome Powell is likely to keep the markets guessing about how soon and how deep the Fed intends to trim rates.
, with investors anxious to learn whether he will confirm or confound expectations for U.S. policy easing this month.slowing economic activity and increased risksHowever, Powell is also likely to keep the markets — and the White House — guessing about how soon and how deep the Fed intends to trim rates, when it meets at the end of July. The prevailing view, priced into the futures market, is for a 100% chance of a quarter point rate cut July 31.
Overnight, Atlanta Fed President Raphael Bostic said the U.S. central bank was debating the risks and benefits of letting the world's largest economy run "a little hotter."In corporate news,
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