Federal Reserve Chair Jerome Powell said rece

Moomoo 24/7 · Apr 17 01:32

Federal Reserve Chair Jerome Powell said recent macroeconomic data showed, "a lack of further progress on inflation this year," at a Canadian macroeconomic speaking event in Washington D.C. on Tuesday. He said that the Fed will likely need to keep rates higher for a longer until inflation falls.

In response, the $U.S. 2-Year Treasury Notes Yield (US2Y.BD)$ climbed past 5% briefly, a line not crossed since Nov. of last year. The $U.S. 10-Year Treasury Notes Yield (US10Y.BD)$ climbed to 4.68%

"A year from now, we'll have more answers," Powell said.

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