US: Focus on Monetary Policy Report – TDS

Sandeep Kanihama FXStreet Contributor

According to analysts at TD Securities, the focus today will fall on the US Monetary Policy Report released at 11am EDT.

Key Quotes

“The report will be out ahead of Powell's Semi-Annual Testimony scheduled for next week. We expect Powell to reiterate the case for gradual hikes on the back of a tight labor market but contained inflation. Any comments on trade protectionism, the yield curve, and operational procedures will be closely watched. Import prices and Michigan sentiment likely to play second fiddle.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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