Powell Signals Potential Rate Cuts Amid Cooling Job Market and Inflation Control
TL;DR Summary
The 10-year U.S. Treasury yield rose by nearly 3 basis points to 4.213% as investors assessed the impact of an assassination attempt on former President Donald Trump and anticipated comments from Federal Reserve officials, including Chair Jerome Powell. Despite geopolitical concerns, bond prices fell, and yields increased, with investors focusing more on inflation, unemployment, and potential interest rate cuts. Key economic data, including retail sales and building permits, are also expected this week.
- 10-year Treasury yield rises ahead of Powell comments CNBC
- Fed chair says holding interest rates high is risky for economy TODAY
- Powell Says Achieving a Soft Landing Has His Full Focus The Wall Street Journal
- Powell stresses message that US job market is cooling, a possible signal of coming rate cut The Associated Press
- Powell Tells Congress Inflation Is Coming Under Control. Is it Enough to Calm Angry Voters? U.S. News & World Report
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