Fed’s Powell Soothes Bonds but Rising Oil Pressures Crypto and Stocks

The U.S. 10-year Treasury yield dropped nine basis points to 4.35% Monday after Fed Chair Jerome Powell told a Harvard University audience that inflation expectations remain “well anchored” – enough to pull rate-hike odds from 25% to 5% in a single session. What it wasn’t enough to do was stop WTI crude from closing at $104.80, its first settle above $100 since 2022, dragging the Nasdaq down 0…