From Yahoo Finance:

Federal Reserve Chair Jerome Powell is expected to reiterate that there is no rush to cut interest rates, despite persistent price pressures highlighted by fresh inflation data. Powell will deliver his semiannual monetary policy testimony to Congress this week, emphasizing the need for patience in deciding when to adjust rates. Democrats remain skeptical of the Fed’s cautious approach, with concerns about economic damage and its impact on the upcoming presidential election. Economists project moderate payroll growth in February, along with stable jobless rates. In Asia, attention is on China’s stimulus measures and growth target, while the UK and euro zone await key budget and rate decisions. Brazil’s industrial production data for January will provide insights into 2024 economic performance. Peru is expected to deliver a seventh straight interest rate cut, while Mexico and Chile are set for inflation data releases. The global economic outlook will continue to be shaped by policy decisions and economic indicators in the coming week.



Read more at Yahoo Finance: Fed’s Powell to Double Down on ‘No Rush to Cut’ Message