Reaction to Bernake Could be Muted

By looking at Tuesdays US PPI which came above expectations and some looking for Wednesdays CPI to also prove higher than consensus, the assumption is that the "data-driven" Fed Chairman will sound more hawkish in his testimony commecing at 14:00 GMT.
However, with some still doubting Bernake's ability to communicate real guidance, market reaction may prove muted.
As Bank of NewYork Said "It would seem somewhat inadvisable to draw inference too readily from Mr. Bernakes statement today"