Federal Reserve chair Jerome Powell managed to smooth some election-ruffled feathers in bond markets on Tuesday, helping Wall St stocks back to all-time...
Federal Reserve chair Jerome Powell managed to smooth some election-ruffled feathers in bond markets on Tuesday, helping Wall St stocks back to all-time highs as a sweep of labor market soundings are due ahead of the July 4 break.
Ten-year yields have slipped back to 4.43% from peaks close to 4.5% set on Monday - when betting markets pushed former President Trump's chances of beating incumbent Joe Biden in November to more than 60% after Biden's dire TV debate performance last week. Part of his discussion was how the Fed needs to keep a balance between sustaining the economy and bearing down on inflation - salient in a week seeing further signs of cooling growth and with critical labor market readouts.
With tactical voting and positioning in the second round of France's assembly elections on Sunday now set to prevent an overall majority for the far right, French government debt premia over Germany fell back below 70 basis points for the first time since mid June. * Federal Reserve issues minutes of latest policy meeting; New York Federal Reserve President John Williams, European Central Bank President Christine Lagarde and ECB chief economist Philip Lane speak at ECB's annual forum in Sintra, PortugalNEW YORK — Ivanka Trump broke her weekslong silence regarding her father’s recent hush money criminal conviction during a podcast appearance released Tuesday. The former White House staffer said the experience has been agonizing.
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