Fed Chair Jerome Powell’s Remarks Send Government-Bond Yields Lower

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Brief-term government-bond yields declined Wednesday afternoon after the Federal Reserve raised interest rates by 0.75 percentage point at its July assembly.

Most buyers thought-about the Fed’s price enhance, which introduced its goal to a spread of two.25% to 2.5%, a foregone conclusion. However Treasury yields fell as Chairman Jerome Powell spoke to reporters after the assembly, with some merchants perceiving leeway in his remarks for a much less aggressive sequence of price hikes to comply with.

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