When Federal Reserve Chair Jerome Powell speaks on Wednesday, he may calm worries about the central bank pushing its rate-hike cycle too far, according to Evercore ISI. That doesn’t mean investors will love everything he says. Powell may renew the Fed’s commitment to data dependence and discuss how sustained changes in financial conditions would affect his outlook. He could soften his comment that the Fed is “a long way from neutral,” which Everecore believes came across harder than intended, strategist Krishna Guha wrote in a note Tuesday. Powell also may add nuance to the Fed’s characterization of its policy stance ... (full story)