U.S. Treasury yields declined on Thursday as investors digested the Federal Reserve’s latest policy decision and considered the central bank’s policy guidance.
During a news conference following the meeting, Fed Chairman Jerome Powell indicated that the central bank's battle to bring inflation to 2% "has a long way to go and is likely to be bumpy." He also suggested that rate cuts were unlikely for 2023.published by the Fed alongside the rate announcement hinted, adding that policy decisions would continue to be data-dependent..
rate hike on Thursday and the Bank of England is expected to publish its latest policy decision later in the day. On the data front, the latest initial weekly jobless claims report as well as final building permit figures and new home sales data for February are due Thursday.
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