Treasury yields end Friday mixed after Powell signals more rate hikes ahead
Publishing timestamp: 2023-08-25 16:16:19
Summary
The article discusses how U.S. Treasury yields rose after Federal Reserve Chairman Jerome Powell signaled more rate hikes could be ahead and reiterated his stance against inflation. Powell warned that there could still be further rate hikes and stated that the central bank is prepared to raise rates further if appropriate. The recent surge in yields is attributed to the resilient U.S. economy and the possibility of sticky inflation.
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