What's moving markets today: May 20,2019

By CNN Business

Updated 6:58 p.m. ET, May 20, 2019
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6:23 a.m. ET, May 20, 2019

Federal Reserve chair Jerome Powell gives keynote speech

From CNN Business' Julia Horowitz

Federal Reserve chair Jerome Powell will give the keynote speech at the Atlanta Fed's Financial Markets Conference on Monday at 7 p.m. ET.

Investors will listen for clues that Powell could change his sit-tight approach to interest rates now that the trade fight with China is back in full swing.

Powell said at the beginning of the month that board members didn't see a "strong case" for either raising or lowering interest rates. But that was before new rounds of tit-for-tat tariffs from Washington and Beijing.

The Trump administration has also said it's preparing further tariffs on Chinese goods worth $300 billion, which would put duties on essentially all of the country's exports to the United States.