Powell, Fedspeak and a 10-year auction top the economic calendar today

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Did
you
enjoy
the
first
two
hours
of
Powell’s
testimony?
How
about
another
two?
Only
this
time
with
the
crazies
in
the
House.
Tune
in
at
10
am
ET
for
all
the
fun
but
don’t
expect
much
in
the
way
of
market-moving
information.
Powell
stayed
tightly
on
script
yesterday
and
I
wouldn’t
expect
a
departure
today.

Powell
isn’t
the
only
central
banker
speaking
today
as
we
get
Goolsbee
and
Bowman
at
2:30
pm
ET.
However
that
event
is
a
‘Fed
Listens’
event,
which
is
what
it
sounds
like
—
more
listening
than
talking.

The
Bank
of
England
will
be
a
focus
with
chief
economist
Hew
Pill
at
9:30
am
ET
and
MPC
hawk
Mann
at
11:30
am
ET.
I’ll
be
watching
to
see
if
the
latter
tones
down
her
hawkishness.

In
terms
of
data,
we
get
wholesale
sales/inventories
at
10
am
ET
but
that’s
not
likely
to
move
markets.
Instead,
the
results
of
the
10-year
auction
at
1
pm
ET
will
be
notable.