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Wall Street in 'Wait and See' Mode as Middle East Crisis Goes On

(Bloomberg) -- Even as the conflict in the Middle East threatens to escalate, Wall Street traders remain squarely focused on ever-soaring Treasury yields and corporate America’s profit trajectory — with limited appetite to pay up for hedges.Most Read from BloombergTreasury Yields Climb as Hot Data Fuel Fed Wagers: Markets WrapIsrael Latest: Biden Summit With Arab Leaders Is CanceledWill Xi Jinping’s Gamble on Vladimir Putin Pay Off?Hundreds Killed at Gaza Hospital as Israel ...
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Source: yahoo.com

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Dollar rises for second day as markets look to Biden's stimulus plan

4 Min Read NEW YORK (Reuters) - The dollar drifted lower on Thursday in choppy trading, after Federal Reserve Chair Jerome Powell struck a dovish tone, saying the U.S. central bank is not raising interest rates anytime soon and rejecting suggestions the Fed might start reducing its bond purchases in the near term. FILE PHOTO: A U.S. Dollar banknote is seen in this illustration taken May 26, 2020. REUTERS/Dado Ruvic/Illustration The Fed’s asset-buying program to support financial markets in a ...
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Dollar holds gains as markets await Biden's stimulus plan

4 Min Read NEW YORK (Reuters) - The dollar drifted lower on Thursday in choppy trading, after Federal Reserve Chair Jerome Powell struck a dovish tone, saying the U.S. central bank is not raising interest rates anytime soon and rejecting suggestions the Fed might start reducing its bond purchases in the near term. FILE PHOTO: A U.S. Dollar banknote is seen in this illustration taken May 26, 2020. REUTERS/Dado Ruvic/Illustration The Fed’s asset-buying program to support financial markets in a ...
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