Fixed Income Market Overview
Federal Reserve Chair Jerome Powell expressed cautious optimism about inflation progress but emphasized the need for more evidence before considering rate cuts. Speaking at a central banking forum in Sintra, Portugal, Powell highlighted recent inflation readings as indicative of a disinflationary trend but stressed the importance of achieving sustainable movement toward the 2% target. He warned against premature policy loosening, noting the risks of undoing progress. Despite market expectations of rate cuts, Powell did not commit to a timeline. His remarks come as the Fed monitors inflation and global central bank actions, including those of the ECB.





Major Indicies
Symbol | Price | Change | %Change |
---|---|---|---|
DJIA | 39,331.85 | 162.33 | 0.41%↑ |
NASDAQ | 20,011.89 | 199.67 | 1.01%↑ |
S&P 500 | 5,509.01 | 33.92 | 0.62%↑ |
NIKKEI | 40,074.69 | 443.63 | 1.12%↑ |
HSI | 17,769.14 | 50.53 | 0.29%↑ |
VIX | 12.03 | -0.19 | -1.55%↓ |
Bonds
Name | Yeild | CHG |
---|---|---|
US 10-YR | 4.44% | -0.03 |
US 30-YR | 4.61% | -0.02 |
US 5-YR | 4.40% | -0.03 |
JPN 10-YR | 1.09% | 0.03 |
UK 10-YR | 4.25% | -0.03 |
Futures & Commodities
Name | Last | Change | %Change |
---|---|---|---|
WTI CRUDE | 82.81 | -0.57 | -0.68%↓ |
NAT GAS | 2.454 | -0.038 | -1.52%↓ |
GOLD | 2,333.40 | -5.50 | -0.24%↓ |
SILVER | 29.66 | 0.05 | 0.15%↑ |
COPPER | 4.419 | 0.001 | 0.02%↑ |
Equity Market Overview
Stocks rose on Tuesday as Federal Reserve Chair Jerome Powell noted progress on inflation but reiterated the Fed’s readiness to cut rates remains uncertain. The S&P 500 gained 0.62%, closing above 5,500 for the first time, while the Nasdaq Composite jumped 0.84%, both achieving record highs. The Dow Jones Industrial Average added 162.33 points. Tesla’s 10% surge, following strong Q2 deliveries, boosted the S&P 500, while Nvidia’s 1.3% drop due to investor concerns over sustained AI growth weighed it down. Powell’s comments eased Treasury yields, supporting the market rally. Despite some volatility in tech stocks, analysts remain optimistic about July’s performance, provided the economy cools at a stable pace. Trading volume is expected to be muted due to the upcoming Independence Day holiday.