U.S. stocks pared gains immediately following the release of the statement and economic projections in choppy trading. U.S. Treasury yields rose while the U.S. dollar gained against a basket of currencies, , US inflation, federal reserve, slowing economy, rate hikes, Jerome Powell
As more cities announce mass-testing initiatives, analysts warn that the cost of such efforts will further pressure local authorities and municipal coffers that are already being strained by attempts to shore up economic growth.