US Treasury Yields, Dollar Fall As Trump Strikes At Fed; US Stocks Up

Article Synopsis

President Trump’s firing of Federal Reserve Governor Lisa Cook has triggered fears over the Fed’s independence, with Cook refusing to step down and a legal battle looming. Markets responded with lower Treasury yields and a weaker dollar, as traders bet on rate cuts despite inflation risks.
U.S. stocks rose ahead of Nvidia’s earnings and key inflation data, while European shares fell on French political turmoil. Oil prices dropped, gold gained, and investors remain focused on Fed policy, labor markets, and corporate earnings

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