Analyst: Powell's testimony seems unable to shake the expectation of two rate cuts this year
Bitget2024/07/09 14:30
Institutional analysts said that before Powell's testimony was released, the yield on U.S. Treasury bonds had already begun to fall, dropping to a new intraday low when the testimony was released, but then quickly rebounded. The dollar rebounded and risk assets rose. Powell's remarks tried to convey a message that risks are balanced. In his prepared speech, there seems to be nothing changing the market's expectation of two rate cuts this year.
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