"Powell's Caution on Interest Rates as Treasury Yields Fall"
TL;DR Summary
U.S. Treasury yields ended lower after the February jobs report showed higher unemployment, with the 10-year Treasury yield hitting a 5-week low. Despite the creation of more jobs than expected, the unemployment rate rose to a 25-month high, leading to market uncertainty about the state of the U.S. economy and the potential for interest-rate cuts by the Federal Reserve.
Topics:business#february-jobs-report#federal-reserve#finance#interest-rates#treasury-yields#unemployment-rate
- Treasury yields fall after February jobs report shows higher unemployment rate MarketWatch
- Powell Is Scaring No One on Wall Street as Market Gains Broaden Bloomberg
- Powell says the Fed is 'not far' from the point of cutting interest rates CNBC
- Fed Chair Powell says interest rate cuts won't start until inflation approaches this level USA TODAY
- Jerome Powell is walking on eggshells when it comes to interest rates, saying cuts are 'likely' but warning he can't do anything 'too soon' Fortune
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