What to Expect from Fed Chair Jay Powell's Testimony and the Jobs Print

📉Investors are divided on the future of interest rates, with some predicting rate cuts while others hold a more conservative view.

📈The jobs print on Friday will be a significant factor in shaping market expectations and the Federal Reserve's decision-making process.

📊A handful of rate cuts are expected later this year to combat slowing inflation and support economic growth.

💼Gus AOS, Chief Economist at PNC Financial Services Group, expects Chair Powell to confirm the possibility of rate cuts in his testimony.

💰The Federal Reserve's policy stance will have implications for economic growth, labor market conditions, and the risk of recession.

What is the market expecting from Federal Reserve Chair Jay Powell's testimony?

—The market expects Chair Powell to confirm the possibility of rate cuts later this year.

What is the significance of the upcoming jobs print?

—The jobs print will be a crucial factor in shaping market expectations and the Federal Reserve's decision-making process.

How many rate cuts are predicted by the end of the year?

—The overall consensus suggests three rate cuts by the end of the year.

What are the factors driving predictions of rate cuts?

—Predictions of rate cuts are driven by slowing inflation and the need to support economic growth.

What are the potential implications of the Federal Reserve's policy stance?

—The policy stance will impact economic growth, labor market conditions, and the risk of recession.

00:00Markets are lower as investors cautiously anticipate Federal Reserve Chair Jay Powell's testimony and the upcoming jobs print.

00:11Investors are divided on the future of interest rates, with some predicting rate cuts while others hold a more conservative view.

00:36The jobs print on Friday will be a significant factor in shaping market expectations and the Federal Reserve's decision-making process.

00:51Gus AOS, Chief Economist at PNC Financial Services Group, expects Chair Powell to confirm the possibility of rate cuts in his testimony.

02:12A handful of rate cuts are expected later this year to combat slowing inflation and support economic growth.

02:51The Federal Reserve's policy stance will have implications for economic growth, labor market conditions, and the risk of recession.