Powell mentions the possibility of an early interest rate cut on the first day of congressional hearings
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At the congressional hearing, Federal Reserve Chairman Jerome Powell mentioned the possibility of an early interest rate cut, as inflation may not be as strong as expected and the labor market is weak. This statement caused the benchmark 10-year U.S. Treasury yield to drop below 4.32%, and the 2-year Treasury yield to fall below 3.82%. Market risk warning, investors should be cautious
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