Why Powell Commentary Might Be Second Most Important Thing Tomorrow

The U.S. Senate confirmed Stephen Miran's appointment to the Federal Reserve, filling the hole left by Adriana Kugler. Kevin Green and Diane King Hall discuss the Fed's newest member as investors await tomorrow's rate announcement. With a 25bps cut largely priced in, KG says Fed Chair Jerome Powell's commentary might be second in importance to investors, adding the Summary of Economic Projections could provide a better roadmap. For Tuesday's session, KG sees $6645 to the upside and $6600 to downside for a trading range to watch. Lastly, he chimes in on Oracle (ORCL) as the tech company is tied to a possible TikTok deal.

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