Citi summarizes its expectations for today's speech by Fed Powell (12:05 pm EST).
"All eyes today will understandably be on Fed Chair Powell who speaks at 17:05 GMT. Powell’s speech is accompanied by a Q&A session," Citi notes.
"CitiFX Strategy believes that Powell is likely to talk down rates activity in a bid to ease anxieties prior to the FOMC blackout period. Nonetheless, risk of volatility remains prominent if Powell fails to appease markets," Citi adds.