Fed Chair Powell, Treasury Secretary Yellen testify live stream – September 28

Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen testify before the Senate Banking Committee. The topic of other appearance is the CARES act, enacted at the pandemic.

Powell faces questions about the Fed's recent signaling of tapering the Fed's bond-buying scheme amid rising inflation and a growing economy. The administration's proposed $3.5 trillion spending program could be the focus of questions directed to Yellen.

 

USD/JPY sits near YTD tops, above mid-111.00s ahead of Powell/US data

The USD/JPY pair continued scaling higher through the early North American session and tested YTD tops, around the 111.65 region in the last hour. The
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United States Richmond Fed Manufacturing Index fell from previous 9 to -3 in September

United States Richmond Fed Manufacturing Index fell from previous 9 to -3 in September
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