Stock futures inched higher ahead of testimony from Jerome Powell. The Federal Reserve chairman is set to be grilled on inflation and interest rates.
U.S. stock futures inched higher and the bond yield rally paused ahead ofin which the Federal Reserve chairman is set to be grilled by lawmakers on inflation and interest rates.end a five-day losing streak
A rally in U.S. government bond yields halted, a day after the 10-year Treasury yield settled at a 52-week high. The yield on the benchmark bond edged down to 1.759% Tuesday from 1.779% Monday. Investors are looking to comments from Mr. Powell on Tuesday, when Senate lawmakers will decide on his nomination for a second term as Fed Chair. While his confirmation is expected, Mr. Powell is likely to face tough questioning about his pivot on inflation and interest rates, which has spooked investors and driven volatility in markets.
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