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Treasury yields dip as Powell reiterates cautious rate-cutting stance to Congress - TL;DR CNBC

Treasury yields dip as Powell reiterates cautious rate-cutting stance to Congress

Publishing timestamp: 2024-03-06 12:52:30


Summary

Treasury yields traded lower as investors digest Powell's testimony, indicating Fed is not quite ready to cut rates. Powell reiterated that lowering rates too quickly risks losing battle against inflation and likely having to raise rates further. Fed officials are looking for more data evidence that inflation is easing toward 2% target before making any policy decisions. Markets were last pricing in rate cuts to begin in June.


Sentiment: NEUTRAL

Tickers: US2YUS10Y

Keywords: u.s. 2 year treasuryu.s. treasury bondsmonetary policymarketspricestreasury noteseconomybusiness newsinterest ratesbreaking news: marketsbondstreasury billslabor economyu.s. 10 year treasuryeconomic eventsu.s. economyjerome powell

Source: https://www.cnbc.com/2024/03/06/us-treasury-yields-investors-look-to-powell-testimony.html


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