Biggest event of the week coming up - Fed Chair Powel speaking Wednesday
Federal Reserve Chair Jerome Powell will give his annual Economic Outlook before the Joint Economic Committee of the US Congress on Wednesday
- And will follow up with the same on Thursday to the House Budget Committee
Powell speaks at 11am (ET), which will be 1600GMT. He'll then have a Q&A with members of Congress.
Powell will likely stick to the same sort of message he conveyed in the FOMC statement and press conference on October 30.
Developments since then:
- core PCE inflation to 1.7% y/y
- nonfarm payrolls stronger than expected
- wage growth up a touch
- consumption growth is still doing OK, a little slower
- ISM improved (mixed)