USD: How Surging Treasury Yields Affects Powell’s Testimony

USD: How Surging Treasury Yields Affects Powell’s Testimony

From bkassetmanagement.com

Federal Reserve Chairman Jerome Powell’s semi-annual testimony on the economy and monetary policy is one of the most important events this week. The broad based decline in the U.S. dollar is a sign that investors expect cautious comments. Approximately 1.7 million coronavirus shots are being administered every day and with 13% of the population receiving a first dose, the U.S. is charging ahead with vaccine rollout. There have been setbacks with many states including ours (New York) struggling with supply issues but a lot of that had to do with poor weather that delayed the delivery of about 6 million doses this ... (full story)

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