Reported about 9 hours ago
Bond investors are keenly anticipating remarks from Federal Reserve Chair Jerome Powell after a rally in the $29 trillion Treasury market, which has seen returns rise amidst economic concerns and inflation forecasts. While Powell's previous statements indicated confidence in the economy, traders will be closely analyzing his comments and the Fed's updated economic projections following their March meeting, amid shifting expectations regarding interest rate cuts. The market remains uncertain about future rate adjustments, with traders hedging against potential scenarios as they scrutinize leading economic indicators.
Source: YAHOO