Powell Suggests Conditions Might Justify Interest Rate Cuts as Fed Moves Forward with Caution
Powell indicates conditions ‘may warrant’ interest rate cuts as Fed proceeds ‘carefully’ Federal Reserve Chair Jerome Powell on Friday gave a tepid indication of possible interest rate cuts ahead as he noted a high level of uncertainty that is making the job difficult for monetary policymakers. In his much-anticipated speech at the Fed’s annual conclave […]
Moody’s Lowers U.S. Credit Rating
Moody’s downgrades U.S. credit rating U.S. Treasury yields spiked on Monday after Moody’s downgraded the U.S.’ credit rating, citing fiscal concerns. At 4:46 a.m. ET, the 30-year Treasury yield was up over 10 basis points to 5.021%. The 10-year yield also rose 10 basis points to reach 4.542%. Meanwhile, the 2-year Treasury yield was up over 2 basis points, […]