10-year Treasury yield falls as investors weigh whether Fed is done raising rates
Publishing timestamp: 2023-11-02 12:31:29
Summary
The 10-year U.S. Treasury yield dropped after the Federal Reserve decided to keep rates unchanged. This drop was influenced by signs of softening in inflation and the labor market, suggesting that the Fed may not raise rates again this year. However, Fed Chairman Jerome Powell did not rule out the possibility of a rate hike in December.
Sentiment: MIXED
Keywords: economic events, jerome powell, business news, u.s. treasury bonds, treasury notes, bonds, government debt, monetary policy, central banking, u.s. 10 year treasury, treasury bills, economic outlook, prices, u.s. 2 year treasury, economy, interest rates, u.s. economy,
Source: https://www.cnbc.com/2023/11/02/us-treasury-yields-investors-weigh-fed-policy-outlook.html