Markets Yields this morning cautiously continued the downtrend after Powell’s rather mild assessment at the press conference on Wednesday. The Fed chair indicated that, despite disinflation making little progress of late, keeping the policy rate a while longer at current level will likely still suffice to return inflation to target over time. An unexpected and […]
Federal Reserve (Fed) Chair Jerome Powell’s testimony before Congress went smoothly yesterday. He said that the Fed will certainly cut the interest rates this year and that he’s not necessarily looking for inflation to hit the 2% target to start cutting rates. The US 2-year yield eased but remains above the levels that were in […]
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