Fed Chair Walsh's first testimony to focus on price stability, dodge rate guidance

Federal Reserve Chair Kevin Walsh is expected to emphasise price stability at his first Humphrey-Hawkins congressional testimony while avoiding firm guidance on future rate moves. Investors will closely watch fresh inflation data and rising energy prices to gauge whether the Fed holds rates steady or resumes tightening later this year. Lawmakers are expected to press Walsh on inflation, the Fed's balance sheet and his newly created policy task forces.

More on this topic

📈 Business US consumer prices fell in June for the first time since 2020, easing Fed pressure Bloomberg · 10d ago 📈 Business US inflation posts biggest monthly drop in six years – Wall Street reacts positively CNBC · 10d ago 📈 Business Bond traders ramp up bets on Fed rate hike ahead of US inflation data Bloomberg · 11d ago 📈 Business Cleveland Fed's Hammack: AI is fuelling inflation, rate hikes may be needed CNBC · 24d ago 📈 Business Rising 10-Year Treasury Yields Are Pushing Up Consumer Loan Interest Rates CNBC · 7h ago 📈 Business Fed should hike rates next week to head off energy-driven inflation CNBC · 7h ago

More on this topic

📈 Business US consumer prices fell in June for the first time since 2020, easing Fed pressure Bloomberg · 10d ago 📈 Business US inflation posts biggest monthly drop in six years – Wall Street reacts positively CNBC · 10d ago 📈 Business Bond traders ramp up bets on Fed rate hike ahead of US inflation data Bloomberg · 11d ago