Lates News

The first joint discussion between Powell and Yellen ended here. The Federal Reserve Chair stated that prices are still too high, but the risks of inflation have somewhat eased in the near term. He also reassured investors that any changes to the balance sheet will be carefully considered. Apart from that, investors received almost no comments on the current economic situation and no guidance on interest rates. As the discussion between Powell and Yellen ended, the U.S. Treasury market rose, with 2-year Treasury bonds leading the way, pushing yields down by about 3 basis points to 4.14%.