Fed Chairman Powell's testimony is imminent, and traders are waiting for clues on the Intrerest Rate outlook.

Jinshi data, February 11th news, traders are waiting for the testimony of Federal Reserve Chairman Powell in the Senate later today, as well as the US inflation data scheduled to be released on Wednesday, to find clues to the future Intrerest Rate of the United States. Matt Simpson, senior market analyst at City Index, said, ‘I believe that the dollar’s rise has entered a pause mode, and it is now easier to see more of the fluctuations and Sideways trends seen in the past few weeks.’ ‘(Traders) seem to be waiting for Powell’s testimony and the CPI report, which could support the strengthening of the dollar this week.’ Recent remarks by Federal Reserve officials emphasize that they will not be in a hurry to further cut interest rates, especially as they wait to see how Trump’s policies will affect the economy’s rise and further clarify inflation. The futures market shows that the Fed will cut interest rates by less than 40 basis points by the end of the year. ANZ analysts said, ‘Federal Reserve members unanimously believe that in an environment where the economy has resilience, inflation is higher than the target, policy Intrerest Rates are close to neutrality, and policy uncertainty rises, the Fed can remain patient in further easing policy.’