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Stocks, U.S. yields gain ahead of Fed chair Powell’s Jackson Hole speech

NEW YORK/LONDON -- Global equity markets and U.S. Treasury yields rose on Tuesday as positive U.S. vaccination news and easing worries about the U.S. tapering stimulus lifted sentiment ahead of a key speech by Federal Reserve Chair Jerome Powell later this week. Powell is due to speak on Friday at the Fed's annual economic symposium at Jackson Hole, Wyoming. Worries the Fed was edging closer to tapering its stimulus weighed on global markets last week, but investors are now much less confident Powell's speech at Jackson Hole will indicate a timeline for winding down the Fed's bond-buying program. Read More

from Financial Post https://ift.tt/3grThwI
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