The week ahead will focus on several key economic data releases as well as FOMC Chairman Jerome Powell’s testimony to the Senate Financial Services Committee Tuesday. There is clearly a tug of war developing from strong economic data vs. a nearly inverted yield curve. The stronger data has the Fed continuing to raise rates, while the long-end of the yield curve is suggesting slower growth ahead (source: Bloomberg). The data and the Fed testimony are sure to be market moving this week.
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