Treasury yields were steady on Monday after Fed Chair Jerome Powell last week gave his strongest indication yet that rate cuts are near.
yield was steady on Monday, continuing a downward trend after Federal Reserve Chair Jerome Powell last week gave his strongest indication yet that rate cuts are near."the time has come for policy to adjust.""Inflation has declined significantly. The labor market is no longer overheated, and conditions are now less tight than those that prevailed before the pandemic," Powell said in his hotly anticipated speech at the annual Jackson Hole symposium.
A ‘man-made disaster' could make it trickier to buy or sell a home in some areas this fall, real estate expert says He did not, however, guarantee a cut at the Fed's Sept. 18 meeting, stressing that although"the direction of travel is clear ... the timing and pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks.", putting the chance of a quarter percentage point rate cut at 63.5%, and the chance of a half-point reduction at 36.5%.
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