A big test of Powell's support
This week’s hearings could offer the first glimpse of whether that support is beginning to crack.
Source: politico.com
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Top News In After Powell Today - Breaking & Trending Today
Gold Price recover modest intraday losses, upside potential seems limited
Gold Price struggled to capitalize on the previous day's goodish recovery move from a one-month low and came under some fresh selling pressure on Thur
Source: fxstreet.com
Bond Market Betrayal as Mortgage Rates Hit Another Long Term High
By the end of last week, the bond market was sending hopeful signs about the recent rate spike potentially leveling off.  It had done the same thing on the previous Friday only to give way to highest rates in 3 years as the week progressed.  Sadly, the most recent Friday offered a similar betrayal . In other words, the bond market was merely regrouping for another jump toward even weaker levels (bond market weakness = higher rates, all other things being equal).  Today's move was especially sharp because it combined general weakness from the...
Source: mortgagenewsdaily.com
Treasury yields surge as Fed tees up hikes and asset reductions
Two-year yields, which are highly sensitive to monetary policy, staged the biggest one-day jump since March 2020, surging about 13 basis points to 1.15pc.
Source: afr.com
Asian stocks follow Wall St up as Powell says rates to rise
Asian stock markets have followed Wall Street higher after Federal Reserve chairman Jerome Powell said U.S. interest rates might be raised earlier than planned
Source: dailyherald.com