Fed's Powell talks economy, jobs: Read highlights
The yield on the 10-Yr. Treasury hits 1.47%
Federal Reserve Chair Jerome Powell took questions during a "Conversation on the U.S. Economy" hosted at The Wall Street Journal Jobs Summit. This as weekly jobless claims remain elevated coming in at 745,000.
ANOTHER 745K AMERICANS FILED FOR UNEMPLOYMENT BENEFITS LAST WEEK
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| I:DJI | DOW JONES AVERAGES | 43870.35 | +461.88 | +1.06% |
| SP500 | S&P 500 | 5948.71 | +31.60 | +0.53% |
| I:COMP | NASDAQ COMPOSITE INDEX | 18972.420086 | +6.28 | +0.03% |
Powell gave his outlook for inflation, when the Federal Reserve may raise interest and how far the economy has come since the height of the pandemic nearly one year ago.
NASDAQ ERASES 2021 GAINS AS YIELDS CLIMB
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