Updates on COVID-19 situation and related news will also remain on participants' radars, says an analyst
One explanation for the disconnect is that dealers are taking steps to trim holdings before the expiry of a key regulatory exemption on March 31
Economic management in India will remain tricky
WASHINGTON (Reuters) - The Biden administration and congressional Democrats are on the cusp of pumping another nearly $2 trillion into a U.S. economy just starting to show signs of life in the recovery from the COVID-19 pandemic.
Benchmarke US Treasury yields rose toward last week's highs as Powell spoke, and the dollar hit a three-month high
(Reuters) - The S&P 500 firmed on Thursday after two days of losses while sentiment was fragile ahead of remarks from Federal Reserve Chair Jerome Powell on rising bond yields.
February's bond selloff sent U.S. 10- and 30-year Treasury yields more than 30 basis points higher while governments from France to Australia saw their borrowing costs jump
President Joe Biden's pick to head the Office of Management and Budget, Neera Tanden, has withdrawn her nomination after she faced opposition from senators for her controversial tweets
"We are just being honest about the challenge," Powell told lawmakers when asked about Fed projections that inflation will remain at or below the central bank's 2% target through 2023
WASHINGTON (Reuters) - Between deep wounds to the labor market and weak inflation, Federal Reserve Chair Jerome Powell delivered a simple message to investors fixated on rising U.S. bond yields and price risks: watch the data, and don't expect any changes in monetary policy until the economy is clearly improving.
NEW YORK (Reuters) - A gauge of global equity markets rose on Wednesday after Federal Reserve Chair Jerome Powell said interest rates will remain low, calming market jitters sparked by a jump in U.S. Treasury yields on fears that a robust recovery would drive inflation higher.
"We are just being honest about the challenge," Powell told the House of Representatives Financial Services Committee
(Reuters) - Gold edged lower in choppy trade on Tuesday as the dollar recovered ground lost in the immediate wake of comments from U.S. Federal Reserve Chairman Jerome Powell, who said the economic recovery was "uneven and far from complete."
(Reuters) - The Nasdaq index fell in volatile trading on Tuesday as investors sold off mega-cap growth stocks on valuation concerns, although Federal Reserve Chairman Jerome Powell's comments on the economy helped ease some selling pressure.
The dollar index surrendered early gains and was hovering near a six-week low,
The economy is a long way from our employment and inflation goals, and it is likely to take some time for substantial further progress to be achieved, he said
"We have not decided what to do there yet and we're actually looking into that right now," Powell said during a hearing before the Senate Banking Committee
Wall Street's main indexes opened lower on Tuesday as investors sold off high-flying growth stocks on valuation concerns ahead of Federal Reserve Chairman Jerome Powell's testimony before Congress
The Fed made few changes to its policy statement at its last meeting in January, and did not issue new economic forecasts
Wall Street's main indexes opened lower on Wednesday as investors stayed away from making big bets ahead of the release of minutes from the U.S Federal Reserve's January meeting.