All Eyes Turn to Fed as Investors Look for Rate Cut Signals

All Eyes Turn to Fed as Investors Look for Rate Cut Signals
President Donald Trump announces Jerome Powell as the new chairman of the U.S. Federal Reserve in the Rose Garden of the White House on Nov. 2, 2017. Samira Bouaou/ The Epoch Times
Emel Akan
Emel Akan
Reporter
|Updated:

WASHINGTON—Investors, seeking interest rate cut signals, will eagerly watch Federal Reserve Chair Jerome Powell as he delivers two days of testimony on Capitol Hill beginning July 10.

The U.S. stock market rallied during much of June with rising expectations for an interest-rate cut from the central bank. The S&P 500 index rose 7 percent in June, recording its best June in decades.

Emel Akan
Emel Akan
Reporter
Emel Akan is a senior White House correspondent for The Epoch Times, where she covers the policies of the Trump administration. Previously, she reported on the Biden administration and the first term of President Trump. Before her journalism career, she worked in investment banking at JPMorgan. She holds an MBA from Georgetown University.
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