Fed Chair Powell Faces Congress on Economy, Earnings Reports Roll In

Federal Reserve Chair Jerome Powell testifying before Congress on Wednesday, likely covering topics like inflation, rate cuts, and election year monetary policy

Earnings reports coming from Campbell's Soup, Abercrombie and Fitch, Foot Locker, Victoria's Secret on Wednesday

Fed releasing latest Beige Book on state of the economy and consumer on Wednesday

Powell expected to convey economy is sturdy, inflation moving in right direction but not there yet, needing more patience

Congress members expected to grill Powell on timing of rate cuts versus election and constituent concerns over higher prices