"But we haven't seen that acceleration yet so that's what we're waiting for." "We're in a little bit of a lull here. "Otherwise, the macro narrative is largely the same as before: Despite some discouraging headlines in the last few days, the U.S. Covid outlook remains quite sanguine, with the country on track to achieve herd immunity by the end of April." Investors have focused on the yield on the benchmark 10-year Treasury note, pondering whether there is room for long-term interest rates to run, said David Kelly, chief global strategist at JPMorgan Asset Management. Key BackgroundTestifying before a House committee on Tuesday, Federal Reserve Chair Jerome Powell told lawmakers that the worst of the economic crisis was avoided thanks to swift and vigorous action from Congress and the Federal Reserve, praising both the aggressive stimulus spending and accommodative monetary policy that helped lift the market to new highs during the pandemic.
Ther U.S. is pessimistic about the interest rates.
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Ther U.S. is pessimistic about the interest rates .
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