How much more confident will Powell be on inflation? ...Middle East

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The Fed chair will make a trip to Congress this week to deliver his semi-annual Humprey Hawkins testimony.He starts in the Senate on Tuesday at 10 am then visits the House in a repeat the following day. Powell is great at staying on-message so I wouldn't expect any big drama in the Q&A periods.The question is whether he is ready to signal 'greater confidence' that inflation is trending lower. At Sintra last week, he edged in that direction, saying that the latest data shows they're on a better path on wages and that the latest PCE data shows 'really significant progress' at +2.6% y/y.We want to see more progress on inflationWe would like to see more data like we've seeing"We just want to und

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