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Investors seeking action from Powell on yields disappointed Reuters 3/4/2021 By Kate Duguid and Gertrude Chavez-Dreyfuss © Reuters/Leah Millis FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington By Kate Duguid and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - Investors hoping for action from Federal Reserve Chair Jerome Powell to address recent turmoil in the Treasury market were left disappointed. Powell told a Wall Street Journal forum on Thursday that the Fed remained committed to keeping monetary conditions loose until more A...

4 Min Read NEW YORK (Reuters) - Investors hoping for action from Federal Reserve Chair Jerome Powell to address recent turmoil in the Treasury market were left disappointed. Powell told a Wall Street Journal forum on Thursday that the Fed remained committed to keeping monetary conditions loose until more Americans are back to work. His comments, likely the last before a press conference on March 17 following the Fed’s next policy meeting, brushed off concerns that a recent move up in U.S. Treasury yields might spell trouble for the Fed as investors push up borrowing costs the central bank w...

The Dow Jones Industrial Average sets a record high, rising 1.35% on Wednesday, February 24

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. Sales of new U.S. single-family homes increased more than expected in January as the median sale price rose 5.3% on a year-over-year basis, the latest data to show certain consumer prices are rising faster than expected. Crude oil rose more than 2% to fresh 13-month highs while gold prices struggled for traction as elevated Treasury yields...

Global equities rise as U.S. bond yield fears ease By Herbert Lash The German share price index DAX graph is pictured at the stock exchange in Frankfurt 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. Sales of new U.S. single-family homes increased more than expected in January as the median sale price rose 5.3% on a year-over-year basis, the latest dat...