Powell round 2 and new home sales highlight the US economic calendar

June 25, 2025
-FXnews

It’s looking like markets are digesting some of the recent moves today.

US equity futures are flat and so is FX aside from a retracement in the yen. Treasury yields have moved up slightly after a three-day decline.

Eyes will be on Powell today in his second day of testimony starting at 10 am ET. He’s in the Senate today but it’s tough to imagine it will be a market mover. He’s an old pro at this time and his wait-and-see message has been clear and consistent

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