It's not just about trade and geopolitical headlines today

Powell Fed

But after the fact that Fed vice chair, Richard Clarida, basically gave the green light for a July rate cut on Friday, I reckon we'll hear more of the same message from Powell later. Regardless, it's always best to be prepared in any case.

Powell is scheduled to speak at the Council on Foreign Relations in New York at 1700 GMT on the topic of 'Economic outlook and monetary policy'. There will also be a Q&A session with the moderator and the audience to take place after his speech.