US: Jobless claims and Fed speak in focus – TDS

It will be another quiet day for data from the US, with only a couple lower-tier releases on the calendar including the jobless claims and Fed Governor Powell who is due to testify, suggests the research team at TDS.

Key Quotes

“The market expects weekly jobless claims to edge slightly higher to 240k. Looking to the Fed, Governor Powell will testify to the Senate Banking Committee at 10:00 ET, where he will answer questions on fostering economic growth from a regulatory perspective. Powell released his opening statement this afternoon, which suggested that the Fed is reviewing the supplementary leverage ratio.”