Treasury yields fall even as Powell says rate-cut speculation is 'premature'
Publishing timestamp: 2023-12-01 12:09:37
Summary
Treasury yields fell despite Federal Reserve Chairman Jerome Powell's remarks on interest rate cuts. Powell stated that the central bank plans to keep policy restrictive until inflation is under control. Yields had previously dropped in November due to expectations of rate cuts. The Fed's next rate decision is on December 13th, and markets are pricing in a 98% chance of rates being left unchanged. Inflation data released on Thursday was in line with expectations.
Sentiment: NEUTRAL
Keywords: federal reserve bank, monetary policy, treasury bills, economic outlook, u.s. 10 year treasury, u.s. economy, u.s. 2 year treasury, government debt, business news, economy, interest rates, bonds, medium term notes, jerome powell, economic events, treasury notes, prices, u.s. treasury bonds,
Source: https://www.cnbc.com/2023/12/01/us-treasury-yields-investors-weigh-inflation-outlook.html