The Dow Jones Industrial Average will stay flat today as investors await congressional testimony from Federal Reserve Chair Jerome Powell.
He’ll address interest rate cuts and monetary policy over the next two days.
The Fed Chair will appear before the House Financial Services Committee on Wednesday morning and before the Senate Banking Committee on Thursday.
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The Dow Jones today might see a triple-digit slip as investors digest the latest weekly jobless report and ongoing concerns about global economic growth.
Markets also did not rally after the Federal Reserve announced it would remain dovish on interest rates through the end of 2019.
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