Powell Hints at Imminent Rate Cut Despite Inflation Targets
TL;DR Summary
The 10-year U.S. Treasury yield fell by 3 basis points to 4.197% following comments from Federal Reserve Chair Jerome Powell, who indicated that the Fed would not wait for inflation to hit its 2% target before cutting interest rates. Powell noted that recent inflation data has been encouraging, and traders are now fully expecting a rate cut in September.
- 10-year U.S. Treasury yield edges lower following Powell commentary CNBC
- Powell Signals Rate Cut Coming Into View but Declines to Say When The Wall Street Journal
- WATCH LIVE: Fed Chair Powell discusses current state of US economy Fox News
- Powell indicates Fed won't wait until inflation is down to 2% before cutting rates NBC News
- Fed's Powell says officials won't wait until inflation reaches 2% to cut rates Fox Business
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