The Dow Jones Industrial Average (DJIA) missed the bullish train on Wednesday, churning chart paper near the 43,000 major price handle as Dow traders ease into a lull after a tense start to the week.
Jerome Powell, Chairman of the United States (US) Federal Reserve (Fed), will deliver the Semi-Annual Monetary Policy Report and testify before the US House Financial Services Committee on Tuesday.
FOMC Governor Michelle Bowman indicated that if inflation pressures stay contained, she would be in favour of lowering the policy rate at the next meeting to align it more closely with its neutral setting and maintain a healthy labour market.