U.S. Treasury produces raised after the Federal Reserve's chairman gave the speech

U.S. Treasury produces raised after the Federal Reserve's chairman gave the speech

August 29, 2022:-On Friday, U.S. Treasury yields were more elevated as investors awaited a speech by Federal Reserve Chairman Jerome Powell, expecting to reveal the central bank’s hawkishness.

On Monday, the outcome on the benchmark 10-year Treasury note rose five basis points to 3.076% after dropping on Thursday. The 10-year yield ascended to the 3% level for the initial month and has held the group since then.

The yield on the Treasury bond of 30 years increased four basis points to 3.281%, while the work on the short-term 2-year Treasury note rose 1 to 3.39%. Results change inversely to prices, with a basis point equaling 0.01%.

Markets watch Powell’s speech at 10 a.m. For clues on inflation, the U.S. growth outlook, front-loading, and the potential for monetary ease in 2023, analysts at ING added.

They added that comments from Federal Reserve officials at its economic symposium in Jackson Hole, which started on Thursday, have decreased to the hawkish side so far.

Powell will likely say that the central bank will not stop using interest rate hikes to snuff out inflation.

Fed watchers say Powell indicated that after the Fed finishes, which includes rates, it is likely to hold them there. The market is currently expecting to cut interest rates in the coming year.

However, Powell may not clarify whether the central bank will raise rates by a half point or three-quarters of an issue at its next policy meeting on September 21.

Friday notices the release of U.S. data on personal income and consumer that spends and the core PCE price index at 8:30 a.m. ET.

Editor's Choice

Posts You Might Like

A Leader in Unrivalled Security | Joseph McGee

Following a distinguished Law Enforcement career Joe McGee founded The Securitatem Group to provide contemporary global operational specialist security and specialist security training products and services for private clients, corporate organisations, and Government bodies. They deliver a wide range of services, including complete end-to-end protection packages, close protection, residential security, protection drivers, and online and physical installations. They provide covert and overt investigations and specialist surveillance services with a Broad range of weapons and tactical-based training, including conflict management, risk and threat management, tactical training, tactical medicine, and command and control training.

Styling the Perfect Wine | Jay Wright

Jay Wright, CEO and Co-Owner of Virgin Wines infectious energy, enthusiasm, passion and drive has been instrumental in creating an environment that encourages talent to thrive and a culture that puts the customer at the very heart of every decision-making process.

Leading Farmacosmo with Vision and Innovation | Fabio de Concilio

Fabio de Concilio is the visionary CEO & Chairman of the Board at Farmacosmo, a leading organization dedicated to mental health and community support services. With a deep commitment to identifying and meeting customer needs, Fabio ensures that high standards are maintained across the board.

Creating A Cleaner & Healthier Environment | David CM Carter

Character Determines Destiny – so said Aristotle. And David CM Carter believes that more than anything else. For David, it has been numerous years of research into codifying Entelechy Academy’s 54 character qualities that underpin everything he stands for as a leader and teacher.

The-corporate-magazine-15

Leave us a message

Subscribe

Fill the form our team will contact you

Advertise with us

Fill the form our team will contact you​