The U.S. dollar index DXY fell more than 0.50% on the day and is currently at 104.24.

U.S. Treasury yields turned lower; the 10-year yield edged down to 4.363%.

Fed Chairman Powell: Committed to gradually returning inflation to 2%

Federal Reserve Chairman Powell: Inflation expectations are consistent with the 2% inflation target.

Federal Reserve Chairman Powell: Tightening of monetary policy will suppress demand.

Federal Reserve Chairman Powell: Population growth may help curb inflation in 2023.

Fed Chairman Powell: Inflation is not entirely caused by overheating demand.

The swaps market remains stable, with at least two Fed rate cuts expected in 2024.

Federal Reserve Chairman Powell: The Federal Reserve is making meeting decisions one by one.

Fed Chairman Powell: It’s too early to tell whether the recent inflation data is just a temporary fluctuation.

Federal Reserve Chairman Powell: To this end, the Federal Reserve still needs greater confidence to ensure that inflation can sustainably fall to the 2% target level.

Federal Reserve Chairman Powell: If the economy develops as the central bank expects, most FOMC members believe it would be appropriate to begin lowering the policy interest rate at some point this year.

Aguilar, CEO of Schwab Asset Management: The Federal Reserve is expected to remain patient in cutting interest rates.

ICE robusta coffee futures rose nearly 5% to $3,838 a tonne, the highest level in at least 16 years.

The Central Bank of Kenya kept the benchmark lending rate at 13.0%.

The U.S. 4-month Treasury bond auction as of April 3 - the bid-to-bid ratio was 2.91, compared with the previous value of 2.77.