U.S. Treasury yields rose on Thursday as investors assessed what could be ahead for interest rates and digested remarks from Fed Chairman Jerome Powell.
as inflation remains too high. His comments echoed the guidance issued by the central bank after its most recent policy meeting last week.but noted that two 25 basis point increases are expected this year.
This marked the first pause in the Fed's rate hiking campaign, which has lasted over a year and aims to ease inflationary pressure and cool the economy.toward these goals has been made, but "the process of getting inflation back down to 2% has a long way to go.". Investors will also be looking out for comments from other Fed officials, as well as weekly initial jobless claims data and existing home sales figures for May.
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