10-year Treasury yields move higher after Powell speech

Stocks see a drop Thursday afternoon after a speech from Federal Reserve Chair Jerome Powell. “Inflation is still too high, and a few months of good data are only the beginning of what it will take to build confidence that inflation is moving down sustainably toward our goal,” Powell said during his speech, causing investors to abandon the idea of a rate hike in November. Yahoo Finance reporter Jared Blikre breaks down the reaction the market had to the speech as well as providing context to the movement in the treasury bond market.
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