TREASURIES-Fed’s global growth concerns steepen yield curve
The U.S. Treasury yield curve
steepened on Wednesday after the Federal Reserve’s concerns
about global growth increased expectations that the U.S. central
bank may cut rates more sharply than expected in July.
The concerns were expressed in Chair Jerome Powell’s
prepared remarks to a congressional committee which were
published Wednesday morning, with the minutes fro
steepened on Wednesday after the Federal Reserve’s concerns
about global growth increased expectations that the U.S. central
bank may cut rates more sharply than expected in July.
The concerns were expressed in Chair Jerome Powell’s
prepared remarks to a congressional committee which were
published Wednesday morning, with the minutes fro
Posted by Reuters
