Was this released at 2:50 PM EDT today?

[Overnight]

https://www.federalreserve.gov/newsevents/testimony/powell20200922a.htm

If so, that could explain the sudden positive twinge in the last hour of today's RTH action. So now that that is out of the way, we'll next see how his Q&A goes tomorrow and Wednesday.

 

[SunTrader]

"Household spending looks to have recovered about three-fourths of its earlier decline, likely owing in part to federal stimulus payments and expanded unemployment benefits."

"In part". That Powell guy is funny.

I expect eco numbers to stagnate, and even revert, until, and if, there is more stim.