“I think we’ll be in a holding pattern until we get that nonfarm payrolls report,” said Mayfield, referring to jobs report due out this Friday. “I don’t expect Powell to diverge from the higher-for-longer messaging and reiterate its commitment to the 2% target,” he said.
ON a side note West Texas Intermediate drifted up for those who hold energy positions…doc
* West Texas Intermediate crude turned higher, rising 1.1% to $80.60 per barrel. Brent crude, the international benchmark, rose 0.6% to $86.34.