Strategist: Powell Likely to Stay the Course Tonight, Market Shouldn't Expect New Signals

BlockBeats News, July 1st, U.S. rate strategists Ira Jersey and Will Hoffman believe that Powell will continue to maintain a non-committal stance on the interest rate path or the Fed's reaction function. Despite today's event being his first major public appearance since taking office as chair, they would be surprised if the new Fed chair deviates from his comments just two weeks ago.