In his semiannual testimony before Congress, the Fed chair will hear from Democrats who want interest rate cuts to keep the economy humming and Republicans who want him to scrap capital requirement increases for big banks.

Accounting errors continue to pile up this earnings season, and some point to the CPA shortage as a key risk factor.

In January, the PCE price index rose 0.4 percent from December and 2.8 percent from a year prior.

GDP rose at a revised annualized rate of 3.2% in the fourth quarter, compared with a prior estimate of 3.3%.

Blue-chip companies in the United States sold $172 billion of bonds this month.

"If the moves look random, then it potentially creates a problematic appearance. As long as they can make a credible case that they are data-dependent, they are OK."

For weeks, it seemed 600,000 Anthem enrollees might have to switch plans as the UC Health system struggled to reach an agreement with one of its largest insurance partners.

Remarkably strong demand for high-grade bonds brought spreads to the narrowest since November 2021 and resulted in $60.3 billion in volume.