MARKET DAILY

Market 07/09: Powell - balance of risks between Fed's 2 objectives

Powell's testimony session -- Successful 3Y bond auction -- NFIB small business optimism index for June improves -- Credit card debt surges unexpectedly.

High inflation is not the only risk we face:

(“Elevated inflation is not the only risk we face,”)

labor market has cooled considerably (“cooled considerably”)

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