Markets today: U.S. two-year yield hits 5% after Powell’s remarks

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The world’s biggest bond market remained under pressure, the dollar rose and stocks wavered after Jerome Powell signaled policymakers are in no rush to cut interest rates.

Markets today: U.S. two-year yield hits 5% after Powell’s remarksBofA Beats Estimates for Trading and Profit Even as Costs SoarHawaiian Electric Hits 40-Year Low Ahead of Maui Fire ReportCanada Inflation Ticks Up to 2.

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