On Powell, Housing Supply and Helen of Troy Earnings

The earliest we might see a change in market appetite is later this morning. That's when Fed Chair Jerome Powell appears before the Senate Banking Committee, at 10am, to answer question regarding when interest rates might be expected to start coming down. Assuming there is no rate cut at the end of this month, it will mark a solid year at our current +5.25-5.50% Fed funds rate, which has kept things like bank loans more expensive, and applying downward pressure on inflation levels. Tuesday, July 9th, 2024 W ...