Was Powell’s speech a bullish gamechanger? No, oil update – another bearish report, the unexpected Winner from Powell’s Speech (Yield Curve), today focus will be on economic data, and the most important report will be the Core PCE Price Index (E: 1.9%). and more.
Today, the main market focus will be the Fed Events: FOMC Announcement and Forecasts (2:00 p.m. ET), Fed Chair Press Conference (2:30 p.m. ET) although, there is also one economic report out in the U.S. this morning: New Home Sales (E: 630K), stock futures are slightly positive this morning and more.