Monday has no significant events scheduled, but Tuesday, all eyes will be on Fed Chair Powell, who is set to testify on the Semi-Annual Monetary Policy Report before the Senate Banking Committee in Washington DC. His testimony will continue Wednesday and other FOMC members are also expected to deliver their remarks throughout the week. Last week at Sintra, Powell mentioned the progress on inflation but emphasized the need for further improvements and a general cooling in activity before considering rate cuts. This week he is expected to reiterate this dovish message, but traders will want to see if he mentions the latest jobs report. Last week the NFP printed above expectations at 206K vs
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