Powell Is Key for Traders Keeping One Eye on Impeachment Hearing
- Fed chief has bigger potential to move bond markets: NatWest
- Investors show little concern about impeachment probe thus far
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Wall Street bond traders will be firmly focused on events in Washington on Wednesday morning in a hunt for clues about the direction of the economy and risk sentiment.
But while they may keep one eye on the first public hearings in the House’s presidential impeachment inquiry, what matters most right now for the $16.5 trillion Treasuries market will be unfolding elsewhere on Capitol Hill: Federal Reserve Chairman Jerome Powell’s appearance before Congress’s Joint Economic Committee.