Fed Chairman Jerome Powell is delivering his semi-annual testimony to Congress today and tomorrow, starting with the Senate. The event starts at 10 am ET but there's a good chance the text is released earlier.
Historically it's been a bit of a moving target. Watch the tape carefully at the bottom of the hour at 8:30 am ET and again at 9 am ET.
Aside from Powell, it's a light calendar today with only US wholesale sales at 10 am ET and a 3-year Treasury auction at 1 pm ET.
It's all about the Fed chair today and the dollar is moderately higher in fear/anticipation of hawkish comments.
