Powell’s Dovish Stance Makes for Steady Market

Markets are steady and moving positive, bolstered by Jerome Powell’s signal that Federal Reserve Policy support that’s been in place since the start the pandemic will be withdrawn cautiously and gradually.

As Fed Chair Powell noted, the paring of bond purchases could start this year, but the Fed is in no hurry to raise interest rates and will be guided by data on COVID-19 risks. The dollar has remained steady against most major peers following Friday’s drop. The 10-year treasury yield has remained around 1.3%.

Tune in to hear what's moving Monday's market.