On Wednesday, Fed chief Ben Bernanke will testify before the Joint Economic Committee of Congress in Washington, DC. Traders would be keen to expect some chatter about interest rates and monetary policy.
On Thursday, Fed Chief Ben Bernanke will be granting a rare evening speech at the 43rd annual Alexander Hamilton Awards Dinner in Washington DC. Traders are warn to pay particular attention to the free form question and answer session which will follow his speech.
Federal Reserve Chairman Ben Bernanke will be speaking to the Regional Chamber in Dallas, Texas on Wednesday. Here’s why traders should listen very carefully to his speech for any hints regarding an interest rate increase.
On Thursday, Federal Reserve head Ben Bernanke will testify on the twice yearly Monetary Policy Report. Economists are expecting Bernanke to lay out his strategy for wrapping up the current stimulus driven policy getting the economy back to normal functioning.
Major companies are reporting earnings Tuesday, causing a furor of anticipation around stocks like Yahoo, Caterpillar, and Johnson and Johnson.
Stocks ended their three day downward spiral on positive Bernanke affirmation news and earnings anticipation. Even more painful news on housing wasn’t enough to deter the market from making positive gains at the end of Monday’s trading.