NEW YORK (Reuters) - Investors banking on more interest-rate cuts may get some clues about what comes next from Federal Reserve Chairman Ben Bernanke, who testifies before the Joint Economic Committee of Congress on Thursday.
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"Clearly anything that he says has the potential to move the markets," said Matt Kaufler, portfolio manager at Clover Capital Management Inc., in Rochester, New York.

After the Fed cut interest rates for the second time this year on Wednesday, stocks rallied. But one day later, the gains were erased as the view took hold that further cuts were not in the cards.

With concerns about a credit crunch and losses in subprime mortgages refusing to go away, brokerage downgrades knocked several financial stocks lower.

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