play_arrow #Fed_PresidentNovember 9, 2019
The Fed chairman speaks Wednesday to the Congressional Joint Economic Committee, and he also appears before the House Budget Committee Thursday.
The Empire State manufacturing survey Friday could provide a fresh look at the manufacturing sector in the New York region.
China has not embraced the same rhetoric.
Cowen policy strategist Chris Krueger said Trump’s address Tuesday could be important for the direction of a deal.
Powell’s testimony is not expected to have as much potential to rock markets, after the clear message he sent to markets following the Fed’s rate cut Oct. 30.
“I’ve been kind of skeptical most of the year, but I do think at the margin, the economic outlook has improved, especially outside the United States,” said Keon.
Keon said the higher yields are a positive sign, and he is adding to stock holdings, but more in foreign names.
“I think you have to answer the question—if this is the bottom and growth is going to rebound here, what’s going to be the catalyst for that?…I don’t see anything in the data that suggests there’s going to be a big rebound for any of those fronts.
12:00 p.m. Richmond Fed President Tom Barkin
11:00 a.m. Fed Chairman Jerome Powell speaks before Joint Economic Committee
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