Fed speakers in focus following Treasury yield commentary from Logan, Jefferson
Investing.com -- Several Federal Reserve policymakers are due to deliver closely-watched speeches on Tuesday, with investors keen to receive any clues about how a recent spike in U.S. Treasury yields could impact the central bank's interest rate path.
These appearances come after two top-ranking Fed officials on Monday commented on a weeks-long surge in the borrowing costs of U.S. government debt. Speaking at a conference, Dallas Fed President Lorie Logan posited that the rise in yields may ultimately offset a need to further lift the key Fed funds rate. Fed Vice Chair Philip Jefferson later flagged that the central bank must now"proceed carefully" in the wake of the jump in long-term yields.
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