Treasury yields fall as investors prepare for key economic data, Fed Chair Powell comments ahead
Investors weighed the outlook for monetary policy and the state of the U.S. economy, including inflationary developments, ahead of a series of data releases slated for the week. That includes JOLTs job openings data on Tuesday and February's non farm payroll and unemployment report on Friday.
The labor market is one of the key areas of the economy that the Fed has been trying to cool through policy measures such as interest rate hikes. The new figures could therefore provide hints about the impact of the central bank's monetary policy. Before then, Fed Chairman Powell is expected to speak before Congress on Tuesday and Wednesday about the central bank's expectations regarding inflation and what this means for its policy approach.that the battle with inflation is not yet over and further interest rate hikes are likely necessary to cool pressures from rising prices. The central bank's next rate decision is expected at the conclusion of its upcoming meeting on March 21 and 22.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market faces crucial test this week: 3 questions to decide rally's fateInvestors await a marquee report on the state of the U.S. labor market, along with testimony by Fed Chair Jerome Powell and rising Treasury yields.
Read more »
Stock market faces crucial test this week: 3 questions that could decide rally's fateInvestors await a marquee report on the state of the U.S. labor market, along with testimony by Fed Chair Jerome Powell amid rising Treasury yields.
Read more »
USD/JPY traces sluggish yields below 136.00, Fed’s Powell, BoJ’s Kuroda in the spotlightUSD/JPY retreats to 135.80 as it reverses the bounce off intraday low amid a sluggish start to the key week. The Yen pair trader’s cautious mood ahead
Read more »
US Dollar Index licks its wounds below 105.00 as Fed Chair Powell’s Testimony, US NFP loomUS Dollar Index licks its wounds below 105.00 as Fed Chair Powell’s Testimony, US NFP loom – by anilpanchal7 DollarIndex RiskAppetite Fed NFP YieldCurve
Read more »
EUR/USD grinds higher past 1.0600 ahead of Eurozone Retail Sales, focus on Fed Chair Powell, US NFPEUR/USD grinds higher past 1.0600 ahead of Eurozone Retail Sales, focus on Fed Chair Powell, US NFP – by anilpanchal7 EURUSD ECB Fed Inflation RiskAppetite
Read more »
GBP/USD: Mildly offered below 1.2050 as Brexit optimism fades, UK/US data, Fed Chair Powell eyedGBP/USD: Mildly offered below 1.2050 as Brexit optimism fades, UK/US data, Fed Chair Powell eyed – by anilpanchal7 GBPUSD Brexit RiskAppetite Fed NFP
Read more »