Giving a precautionary warning for Powell's speech? Federal Reserve officials say there may not be a rate cut in September
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Federal Reserve officials indicated that there may not be an interest rate cut in September before Powell's speech. Cleveland Fed President Loretta Mester pointed out that the current inflation rate is too high and continues to rise, believing there is no reason to cut rates. This statement led to an increase in U.S. Treasury yields, with the benchmark 10-year Treasury yield approaching 4.34%
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