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.
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A definite ‘NO’ to the question if struggling families had child care asked by a group of committed volunteers in the San Fernando Valley in 1974, urged the volunteers to look for a way to support families struggling to find quality child care, development, and education services for their families. That year, the San Fernando Valley Child Care Consortium and the Mayor’s Child Care and Junior Task Force proposed the first child care resource center in the San Fernando Valley. Doris McLain was elected chairperson as Mayor Bradley accepted the proposal and gave the newly founded Child Care Resource Center (CCRC) space in Van Nuys City Hall Center. CCRC began 45 years to help working moms find child care.
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