Today will be the first speech by Jerome Powell before Congress this week with a report on the economy. The new head of the Fed's colleagues may agree to increase interest rates if the level of inflation is projected to reach 2.5%, compared to the current rate at 1.7%.
Against the background of the decreasing level of unemployment in the US, this could be followed by an increase in wages, which in turn will lead to an increase in the money supply and interest in safe assets. These may also lead to an increase in the yield of long-term bonds in the long term.
In the eurozone there are no comments from the ECB on the growth of the economy and the fact that its growth was more than expected. However, inflation has not shown proper growth.
Today will also be published plenty of economic data in the United States, including the consumer confidence index for February.
Energy prices during yesterday's US session increased on average by 50 cents and at the moment the Brent oil prices are trading above US $67 per barrel.
