Powell says Fed will likely cut rates cautiously given persistent inflation pressures
Economists expect the Fed to announce another quarter-point rate cut in December, after a quarter-point reduction last week and half-point cut in September.
2-year Treasury yield jumps after the close, with Powell patient about rate cuts
The policy-sensitive 2-year Treasury yield edged higher after 3 p.m. Eastern time on Thursday, following fresh comments from Federal Reserve Chair Jerome Powell that indicated the central bank isn’t ...
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Dollar sits atop one-year peak as Powell sends yields up, shares hesitant
In the currency markets, the dollar towered against its major peers at a one-year top. It gained for five days on the yen, up another 0.2% to 156.56, the highest since July.
10-year Treasury yield near 4-month high as Powell signals Fed in no rush to push rates much lower
The 10-year Treasury yield hovered near a 4-month high on Thursday after Federal Reserve chair Jerome Powell indicated that the central bank is in no hurry to slash interest rates. The 10-year ...
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Dollar eyes weekly gain on slower Fed easing, inflation outlook
Sterling traded 0.02% lower at $1.2666 and was similarly set to lose 2% for the week, its worst weekly fall since January 2023 ...