Shares flat, US Treasury Yields Weaken as Markets Weigh Fed Chair Comments

GLOBAL MARKET - NEW YORK. Global stocks were flat while U.S. Treasury yields dipped on Tuesday as markets weighed data showing a continuing tight labor market as well as prospects of interest rate cuts after comments from Federal Reserve Chair Jerome Powell.

The Fed still needs more data before cutting interest rates to ensure recent weaker inflation readings properly reflect underlying price pressures, Powell told a conference in Portugal on Tuesday.