Treasury yields are mixed as investors look await remarks by Federal Reserve Chair Jerome Powell
Treasury yields were mixed early Tuesday as investors awaited remarks by Federal Reserve Chair Jerome Powell after last week’s U.S. January jobs report saw market participants move interest-rate expectations closer to his forecast.
The... Treasury yields were mixed early Tuesday as investors awaited remarks by Federal Reserve Chair Jerome Powell after last week’s U.S. January jobs report saw market participants move interest-rate expectations closer to his forecast. The Fed last Wednesday, as expected, lifted the fed-funds rate by a quarter of a percentage point to 4.5% to 4.75%, but stocks and bonds rallied as Powell played down a recent loosening of financial conditions and acknowledged that a “disinflationary process” had begun.
Some Fed watchers expect Powell to more forcefully state the case for rates to move higher and remain there when he speaks on Tuesday.Minneapolis Fed President Neel Kashkari told CNBC Tuesday that he favored a continued rise in interest rates. Kashkari said he still expects a peak in the fed-funds rate around 5.4%.
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