Forex Today: BOE and SNB rate decisions, mid-tier US data to ramp up volatility – by eren_fxstreet Majors Currencies Macroeconomics Commodities BOE
will speak on the policy outlook in the second day of his semi-annual congressional testimony. Finally, the European Commission will release the preliminary Consumer Confidence data for June.
In his prepared remarks for delivery on the first day of the testimony, Powell reiterated that nearly all FOMC participants expect it will be appropriate to raise interest rates "somewhat further" by the end of the year. "We will continue to make our decisions meeting by meeting based on incoming data, implications for outlook and balance of risks," Powell added.
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