Stock futures rose and bond yields fell as Jerome Powell — as expected — reiterated the Federal Reserve is in no rush to cut interest rates. In prepared testimony to a House panel on Wednesday, the Fed chief said it will likely be appropriate to begin lowering borrowing costs “at some point this year,” but … Read more
You can read the full story here: Stock Futures Rise, Bond Yields Fall as Jerome Powell Reiterates Fed’s Stance on Interest Rates.