Cheddar News takes a look at The Day Ahead for Wednesday, as Fed Chair Jerome Powell continues to testify on Capitol Hill about the central bank's monetary policy. Employment data and more earnings are also expected to be released.

Closing Bell

The Day Ahead: Powell Testimony, Employment Data and Earnings

Let's take a look at the head at the event. Sure to move markets tomorrow. Federal Reserve chair Powell is going to face more questions on the hill about the central bank's response to inflation. He's going to testify before the House Financial Services Committee after he testified in front of the Senate Banking Committee. Today, both are routine hearings and again today, he said the central bank will likely need to raise rates more than expected in a response to a still resilient economy, inflation that has persisted and certainly a jobs market that remains very strong. We'll also get some economic data from that jobs market tomorrow. Starting with the jolts report for January out at 10 a.m. Eastern. The report showing how many jobs were gained and how many were cut in the month. The last jolts report showing that there are still 1.7 available positions for every single job seeker in America. So that's pretty good. We'll also get the ADP employment report for February ahead of the key February jobs report on Friday with an expected increase of 100 and 95,000 jobs for the month. If the number comes in higher than estimates. It could mean that interest rates will remain higher for longer. And while fourth quarter earnings season is coming to an end, we still have some big companies on top set to report results this week for tomorrow. We're watching Campbell Soup. It's gonna report results before the market opens. And analysts estimate the company will report results earnings per share of 74 cents on sales of two, $2.5 billion. Well, last quarter, the process, food giants and it raised prices to tackle inflationary pressures and saw sales increased double digits. The company is expected to have benefited again from consumers, cutting back on outdoor dining and preparing more meals at home of its sticky inflation. And tomorrow is international women's day. The global day celebrating women's social economic and cultural accomplishments established by the United Nations. It's observed on March eight every year, celebrating women's accomplishments, focusing on a specific theme. Well, this year, it's digital technology and innovation for gender equality. Marches also women's history month and we continue to celebrate that here on Cheddar News. So certainly a lot to cheer tomorrow.