Busy Week in Washington

November 11, 2019

Busy Week in Washington Photo

U.S. equity markets continue to trade near all-time highs, while interest rates in the U.S. pushed higher as economic growth and earnings boost prospects. Several factors, both fundamental and geopolitical, support further gains in equities. Given the backdrop, rates will likely continue to rise as the 10-year U.S. Treasury closes in on the psychologically important level of 2%. 

This will be a busy week in Washington, as markets will be watching headlines from the beginning of the public portion of the impeachment process, as well as Federal Reserve Chair Jerome Powell’s meeting with Congress. Retail sales data on Friday will also be closely scrutinized after last month’s unexpected drop. 

Tags: Treasury | Interest Rates | Retail sales | Equities

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