07/17/2018 Morning Brief:

Tuesday, July 17, 2018

Fed Chairman Jerome Powell’s will deliver his semiannual monetary policy testimony before the Senate Banking Committee in Washington today starting at 10:00 am. Federal Reserve Bank of Minneapolis President Neel Kashkari again made the case for the central bank to go very slowly with rate rises, in large part based on what is happening in the bond market. On the economic calendar today we have The Fed’s Redbook at 8:55am ET. Industrial production at 9:15 am ET and Housing Market Index at 10:00 am ET.

Equity markets –