In this issue:
- Mixed results for asset classes as interest rates continue to rise
- Global strategy benchmarks recover… slightly
In this issue:
It’s not often that the head the world’s most important central bank recognizes that inflation is heating up while promising not to do much about it anytime soon. But that’s yesterday’s message from Federal Reserve Chairman Jerome Powell, who reaffirmed a policy of keeping interest rates lower for longer even as inflation expectations rebound.
* Biden’s $1.9 trillion stimulus relief bill set for Senate vote this weekend
* Crisis threatens on US southern border amid spike in migrant crossings
* UN Security Council to meet as Myanmar crisis continues
* China set to gut remaining vestiges of Hong Kong’s democracy
* China sets goal for 6% economic growth in 2021
* Commodities supplies at risk of nationalizing in natural-resource-rich nations
* Italy blocks exports of vaccines to Australia
* Fed’s Powell says “we’ll see inflation move up”
* Fed’s Powell reaffirms support for easy money policies
* 10-year Treasury yield rises above 1.5% again after Fed chairman’s comments
* Factory orders in US rose more than expected in January
* US jobless claims continued to surge last week: