Cheddar News looks ahead to Tuesday as Fed Chair Jerome Powell will testify on Capitol Hill about the central bank's response to inflation. Earnings are also on tap from Dick's Sporting Goods, Stitch Fix and Crowdstrike.

Closing Bell

The Day Ahead: Powell Testimony & Earnings

Now let's look ahead at the event. Sure to move markets tomorrow. Starting with the Fed chair, Jerome Powell. He is going to begin at two day testimony on Capitol Hill facing questions about the central bank's response to price games or inflation. Well, tomorrow is expected to face some heat from the Senate banking Committee discussing the Fed's latest semiannual monetary policy report which came out on Friday. The report reiterating the Feds commitment to bringing down inflation toward the Fed's 2% target. While the latest reading from January shows inflation hovering at a much higher rate of 6.4% for consumers. So despite multiple rate hikes intended to bring down inflation, the central bank still has a lot of work to do. Democratic lawmakers expressing concerns that hikes are hurting the economy and Americans in lower income brackets. So we'll see how that moves markets tomorrow on Wednesday and fourth quarter earnings season coming to an end, but we still have some big companies set to report. So for tomorrow, we're gonna see sporting goods retailer Dicks, personal styling service, stitch fix and the cybersecurity firm Crowdstrike. All report results. The street is gonna be on the lookout for numbers from Dicks that come out before the market opens. Analyst expecting the company to report earnings per share of $2.89 on sales of 3.4 billion. Despite tough economic conditions for retailers Dix did manage to beat Wall Street expectations for 10 straight quarters.