U.S. Treasury yields slid further on Thursday as investors digested comments from Federal Reserve Chairman Jerome Powell on potential rate cuts.
U.S. Treasury yields slid further on Thursday as investors digested comments from Federal Reserve Chairman Jerome Powell, who suggested a September rate cut was on the table.hinted at a September rate cut"The broad sense of the committee is that the economy is moving closer to the point at which it would be appropriate to reduce our policy rate," he said in a press conference after the Fed meeting.
Powell said the Fed would weigh economic data, expectations and risks alongside inflation and labor market signals, and respond accordingly. Depending on these factors,"a reduction in our policy rate could be on the table as soon as the next meeting in September," he said.announce its latest interest rate decision
on Thursday. Several analysts are expecting the central bank to cut rates, but uncertainty remains as the BOE has not sent clear signals. Back in the U.S., weekly initial jobless claims data is expected on Thursday ahead of the July jobs report on Friday, which will include the latest nonfarm payrolls and unemployment figures. Insights from the manufacturing sector are also due Thursday.
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