U.S. Treasury prices decline further, Powell states that interest rate cuts depend on inflation progress
The Bloomberg Dollar Index's gains are expanding, and Federal Reserve Chairman Jerome Powell is speaking.
The S&P 500 index fell more than 0.8%, the Dow Jones Industrial Average dropped 549 points, a decline of 1.2%, the Nasdaq fell 0.8%, the biotechnology index dropped more than 1.6%, the banking index fell 0.2%, and the semiconductor index rose 0.5%.
The yield on the U.S. two-year Treasury bond rebounded to 3.72%, with an increase of nearly 4.5 basis points, as Powell stated that interest rate cuts depend on inflation progress.
Spot gold maintained a decline of 2.6%, priced at $4,875
Source: Wallstreetcn The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments