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Fed concerns aren't over for the market yet

Patti Domm

Trade issues will hang over the markets, but focus will quickly move back to the Fed and Chairman Jerome Powell when he speaks before Congress on the economy Wednesday. Stocks rallied on Powell's comments in the past week and markets began to price in a lower number of Fed rate hikes. The economy will also be of big interest, with Friday's jobs report and other data potentially revealing whether traders were correct in worrying about whether the Fed's forecast for four more rate hikes is too aggressive.