Posted 3/2/2024, 9:00:00 PM
Fed Chief to Affirm Steady Rate Path in Testimony As Inflation Holds, Job Growth Seen Moderate
- Fed Chair Powell to reinforce message of no rush to cut rates in Congressional testimony this week
- Recent inflation data showed price pressures persist, validating Fed's patient approach
- Economists project moderate 200,000 jobs added in February; hourly earnings growth likely cooled
- Other data releases include Fed's Beige Book survey, February service sector surveys, January trade balance
- Global economy events China's National People's Congress, UK budget, ECB rate decision, Australian GDP
