Yields and prices have an inverted relationship. One basis point equals 0.01%.Fed Chairman Powell is due to give testimony about the state of the U.S. economy before Congress on Tuesday and Wednesday. Investors are expecting to gather fresh insights into the central bank's expectations for inflation and its monetary policy path from his comments.
The Fed has been implementing policy measures, including eight consecutive interest rate hikes since March 2022, as it fights to cool the economy and ease inflation. Concerns about the pace of rate increases dragging the U.S. economy into a recession have spread among investors and prompted many to hope for the Fed to pause rate hikes this year.
In recent weeks, Fed officials have hinted that rates could go higher still and remain elevated for longer. That comes as the latest round of inflation data suggested that pressures from rising prices is continuing.
Source: Financial Digest (financialdigest.net)
RedDogT3 Usually helps markets, but dollar rallying some too, so..... 🤔
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Treasury yields fall as investors prepare for key economic data, Fed Chair Powell commentsU.S. Treasury yields fell on Monday as investors looked ahead to key data releases and comments from Federal Reserve Chairman Jerome Powell due this week. Enjoy ! 🔥 These bull clowns 🤡 think they can keep raising rates without destroying the nasdaq LMFAO 🤣 VERY VERY SOON !
Source: CNBC - 🏆 12. / 72 Read more »
Stock futures are flat as Wall Street awaits Fed Chair Powell's comments: Live updatesThe Federal Reserve chair is set to give his latest remarks on the U.S. economy, and where he expects interest rates to go from here. Ahead Of The Head Of The Fed...Runs Afoul (At Home) Of JeromePowell (C) Mum's The Tummler ™ 2023
Source: CNBC - 🏆 12. / 72 Read more »
US Dollar Index: DXY bears approach 104.00 with eyes on Fed Chair Powell’s TestimonyUS Dollar Index: DXY bears approach 104.00 with eyes on Fed Chair Powell’s Testimony – by anilpanchal7 DollarIndex RiskAppetite YieldCurve Fed Currencies
Source: FXStreetNews - 🏆 14. / 72 Read more »
AUD/USD grinds past 0.6700 on mixed Australia trade numbers, RBA, Fed Chair Powell eyedAUD/USD grinds past 0.6700 on mixed Australia trade numbers, RBA, Fed Chair Powell eyed – by anilpanchal7 AUDUSD ForeignTrade RBA Fed RiskAppetite
Source: FXStreetNews - 🏆 14. / 72 Read more »
EUR/USD eases below 1.0700 as Fed Chair Powell’s Testimony loomsEUR/USD struggles for clear directions as it retreats from its intraday high to 1.0680 during the mid-Asian session on Tuesday. The major pair cheered
Source: FXStreetNews - 🏆 14. / 72 Read more »
Asian markets steady as investors await Fed chair's testimonyAsian financial markets were little changed on Tuesday as investors awaited congressional testimony from Federal Reserve Chair Jerome Powell due to start later in the day for clues on the central bank's next move on interest rates.
Source: Reuters - 🏆 2. / 97 Read more »