Barclays stated that next week, members of the Federal Open Market Committee (FOMC) will give speeches, with the most notable being Federal Reserve Chairman Powell's semi-annual testimony to the House Financial Services Committee (Wednesday) and Senate Banking Committee (Thursday). As there have been no major data releases since the FOMC rate decision and the market has not fully bought into the rate hike signal from the latest dot plot, there are doubts as to whether Fed officials' messages will deviate from the hinted tightening policy and "longer periods of higher rates" in their statement.