US yields languish above lows before Powell remarks; oil sags

News Snapshot:

A woman walks past a man examining an electronic board showing Japan's Nikkei average and stock quotations outside a brokerage, in Tokyo, Japan, March 20, 2023. REUTERS/Androniki Christodoulou/File Photo Acquire Licensing Rights TOKYO, Nov 8 (Reuters) - Treasury yields and the dollar hovered above multi-week lows on Wednesday as markets grappled with the possibility of another U.S. interest rate hike while waiting on comments from Federal Reserve Chair Jerome Powell for a steer on the policy outlook. Crude oil sank to a three-month low after data showed a steep build in U.S. stockpiles, while worries about the Chinese economy weighed...