Wall Street is keeping an eye on Washington, where Federal Reserve Chair Jerome Powell is giving his semiannual policy report to Congress. Monetary policy is in focus as Powell fielded questions from the Senate Banking Committee about inflation ahead of Thursday’s Consumer Price Index (CPI) report. Powell says more "good data" is needed for the Fed to cut rates. Powell will testify before the House Financial Services Committee on Wednesday.

Meanwhile, shares of Boeing (BA) are slipping after its second quarter deliveries revealed a 27% year-over-year decrease. It is the latest obstacle for the company amid mounting production and quality issues.

Other trending tickers on Yahoo Finance include Jumia Technologies (JMIA), BP (BP), and Baidu (BIDU).

Key guests include:
3:00 p.m. ET - John Lynch, Comerica CIO
3:20 p.m. ET - Claudia Sahm, Sahm Consulting Founder, Former Federal Reserve Board economist
4:30 p.m. ET - Bill Shufelt, Athletic Brewing Co-Founder & CEO