U.S. stock index futures were slightly higher Tuesday morning, amid sharply lower Treasury yields and hopes the Federal Reserve may be finished raising...
U.S. stock index futures were slightly higher Tuesday morning, amid sharply lower Treasury yields and hopes the Federal Reserve may be finished raising interest rates.
Fed Vice Chair Philip Jefferson said on Monday the central bank could “proceed carefully” following the recent surge in Treasury yields to fresh 16-year highs, and Fed Bank of Dallas President Lorie Logan said the surge in long-term yields may mean less need for additional increases in borrowing costs.
“Comments from Fed officials provided a timely boost, suggesting that the recent gains in Treasury yields, which influence rates for borrowing levels, could be doing some of the heavy lifting for them,” Hunter added. U.S. economic updates set for release on Tuesday include the August wholesale inventories, due at 10 a.m. Eastern. The Federal Reserve Bank of New York will publish its survey of consumer expectations, including views on inflation, at 11 a.m. and there are also a number of Fed officials making official appearances and speeches on Tuesday.
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