U.S. Treasury yields and the dollar eased after Trump fired Fed Governor Lisa Cook, raising concerns about central bank independence. Cook said she won’t resign, sparking a potential legal battle. Trump’s move could reshape interest rate policy. Market expects Fed to cut rates in September, pushing yields lower. Dollar fell against major currencies.

Investors await Nvidia’s results and U.S. inflation data. Global stocks were flat, U.S. stocks rose. Dow Jones up 0.30%, S&P 500 up 0.41%, Nasdaq up 0.44%. MSCI global index fell 0.03%. European shares dropped due to political uncertainty in France. Dollar weakened against euro and yen. Oil prices fell, gold rose.

2-year note yield down on rate cut expectations, 10-year yield fell. Oil prices dropped over 2%, gold rose. Brent crude down 2.3% to $67.22, WTI crude lost 2.4% to $63.25. Spot gold rose to $3,393.30 an ounce. Market focused on inflation, labor market, consumer spending, and corporate earnings.

Read more at Yahoo Finance.: US Treasury yields, dollar fall as Trump strikes at Fed; US stocks up