Powell to Testify on Economy and Rate Cuts Ahead of Jobs Report and GDP Estimates

• Powell testifying before Congress Wed, Thurs on economy and potential rate cuts • February jobs report Friday - economists expect job growth to cool to 210K from recent 268K average • Q1 GDP estimates raised to 2.1-2.25% range based on recent data, after 3.2% growth in Q4 • Unemployment expected to remain very low at 3.7% in February • Wage growth may moderate to 0.2% in February from strong 0.6% gain in prior month