Next week, financial markets will focus on several pivotal events, including Federal Reserve Chair Walsh's congressional testimony and the release of U.S. CPI data. The recent escalation in U.S.-Iran tensions, which disrupted the fragile ceasefire and affected Hormuz Strait shipping, adds to the uncertainty. Despite ongoing diplomatic efforts, the situation remains tense.
Investors are keenly awaiting insights from Walsh's testimony before the House Financial Services Committee on Tuesday and the Senate Banking Committee on Wednesday, hoping for clues on future interest rate policies. However, Walsh's previous stance against forward guidance tempers expectations. Additionally, the week will feature key economic data releases, including the ADP employment change, initial jobless claims, and retail sales figures, alongside speeches from various Federal Reserve officials.
Key Economic Events to Watch: Fed Chair Walsh's Testimony and U.S. CPI
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