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The market is getting nervous about Powell’s testimony this week – CNBC

Rising bond yields and accompanying inflation fears are adding a level of drama to Powell’s appearance.

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Rising bond yields and accompanying inflation fears are adding a level of drama to Federal Reserve Chairman Jerome Powell’s appearance this week before Congress.
The central bank chair is slated to address Senate and House panels on successive days as part of mandated semiannual updates on monetary policy.
Normally routine affairs, recent financial market tumult and concerns about how the Fed may react have investors paying a bit more close attention than usual to the hearings scheduled for Tuesday…

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