Wall Street Live

Powell's Remarks Stir Market: Yields Dip, Dollar Wavers

By Athena Xu

4/3, 12:48 EDT
  • Two-year yields hit session lows as Powell emphasizes the Fed's data-dependent approach and dual mandate to maintain tight labor markets.
  • The dollar has weakened, but its decline is disproportionate to the drop in yields, indicating market volatility and uncertainty.
  • Yields initially rose post-hawkish ADP employment data, then fell after ISM Services numbers showed slowing services inflation, highlighting the market's sensitivity to economic indicators.