Markets take 'show me' stance toward Powell, says strategist | REUTERS
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 Published On Jul 9, 2024

Sam Stovall, chief investment strategist at CFRA Research, said it was 'interesting' that the yield on the 10-year Treasury rose while Federal Reserve Chair Jerome Powell addressed lawmakers, implying that investors may not be completely convinced that the central bank will be able to lower interest rates sooner than later. Lisa Bernhard has more.

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