Alumni Learning Program News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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Wall Street’s main event of the week will be Fed Chair Powell’s testimony on Capitol Hill.  Powell will have two days to answer questions on the Fed’s dovish strategy and at what point rising Treasury yields pose a risk to the recovery.  Another disappointing weekly jobless claims figure points to a weak February payrolls report and that should keep the Fed on autopilot in the short-term. 
House Democrats are planning to move President Biden’s COVID relief bill forward with a vote.  Expectations are still high for conservative Democrats to support the bill’s passing in the Senate by mid-March.  The price tag of the bill might come down and it seems unlikely the minimum wage hike to $15 will get enough support.   ....

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