In his first day of testimony before Congress on Wednesday, the head of the U.S. central bank pointed to "" global weakness that was clouding the U.S. economic outlook. His comments bolstered the case for easier monetary policy in the world's largest economy.
In addition to Powell's relatively dovish testimony, the minutes from the Fed's previous policy showed many policymakers thought more policy stimulus would be required soon. Investors are also likely to monitor the latest weekly jobless claims, consumer price index figures and core CPI data for June at around 8:30 a.m. ET. Federal budget data is scheduled to be released slightly later in the session.
Meanwhile, the U.S. Treasury is set auction $35 billion in 4-week bills, $35 billion in 8-week bills and $16 billion in 29-year 10-month bonds on Thursday.
Who would want to invest in ANYTHING America, when the 5 year old stand up comedian Brat, who pretends to be POTUS, is getting his way ? ! ?
Apparently, realDonaldTrump 's economic growth strategy isn't working. He has to grovel, beg steal and threaten The Federal Reserve
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