Stocks climb as bond yields retreat after Waller rate comments
Global bond yields retreated and stocks rose after Fed Governor Christopher Waller said he would support holding interest rates steady if August inflation data supports it.
Stocks are rising and global bond yields are easing after Fed Governor Christopher Waller said he would support keeping interest rates steady if August inflation data backs that view. The advance is broad, with all but two S&P 500 sectors higher. Consumer stocks are leading the gain.