Treasury yields fell on Thursday as investors digested the Fed's latest 25 basis point interest rate hike and weighed what could be next for the U.S. economy.
The central bank also indicated that rate hikes could be halted soon as they— around additional tightening likely being necessary to bring inflation down — out of their policy guidance.
In a press conference, Fed Chairman Jerome Powell noted that it was a "meaningful" shift, but that policy decisions would continue to be data-dependent. He added that there was "a long way to go" before inflation returns to its 2% target and that it may beThat fueled concerns about the impact elevated rates may have on the economy and whether a recession is on the horizon.
On Thursday, fresh balance of trades figures for March and initial weekly jobless claims data are expected.
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