Finance

The market rally will soon be tested by a big Trump speech and testimony from the Fed chief

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President Donald Trump holds a campaign rally in Dallas, October 17, 2019.

Jonathan Ernst | Reuters

Progress in trade talks and a steady, but accomodative Fed policy have eased the way for the stock market’s rally to new highs, and both will be in the forefront when President Donald Trump and Jerome Powell speak at separate events in the week ahead.

Against a backdrop of a stabilizing global economy, stocks have hit new highs and bond yields have pushed higher, particularly in the past week with a 20 some basis point surge in the 10-year Treasury yield. Yields move opposite price, and the 10-year rose above 1.90%, its highest level since Aug. 1, the day Trump threatened another round of…



Source cnbc.com

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