Reported about 8 hours ago
Treasury yields have dropped to their lowest levels in two months amidst speculation surrounding the Federal Reserve's potential rate cuts, particularly after recent strong job market data diminished expectations for an immediate cut. While market analysts predict possible Fed rate reductions in September, October, and December, a July cut remains uncertain. Federal Reserve Chair Jerome Powell emphasized a data-dependent approach to future rate decisions, amidst pressures and expectations from the political landscape and the broader economic situation.
Source: YAHOO