Fed chair Powell is scheduled to speak on the economic outlook and monetary policy at 12:20 PM ET. The chairs comments, come ahead of the blackout period which will commence after the close on Friday. The next Fed rate decision will be on October 29.
Going into the speech, US stocks are mixed with the S&P down -0.20% and the NASDAQ index down -0.66%.
In the US debt market, the 2-year yield is at 3.497%. The 10 year yield is at 4.0475%.
Crude oil is down $0.90 at $58.59. Gold is up $21 at $4131 while silver is down $0.69 and $51.63.
This article was written by Greg Michalowski at investinglive.com.