CNBC The July 3, 2024
Welcome to the exchange, everybody. Im kelly evans. We just heard from fed chair powell speaking at the Economic Club of new york for about the past hour or so. We saw yields initially moving lower from their 16year highing and then reversing higher again. The former dallas fed president is here with me. He says the bond market has stepped into the drivers seat and powell aint in charge any more. Well get he is reaction in a moment. This afternoon, we have seen the dow hanging on to a gain of 111 points, up a third of a percent, up a quarter percent for the s p. Up a little less than that for ...