Powell Faces a Delicate Balancing Act as Investors Snap Up Long-Term U.S. Treasuries Ahead of Jackson Hole Speech
According to ChainCatcher, citing Jinshi News, investors are heavily buying long-term U.S. Treasury bonds ahead of Federal Reserve Chair Jerome Powell's upcoming speech at Jackson Hole, driving yields lower.
Recent data has dampened market expectations for a rate cut in September.
Powell faces a delicate balancing act and may avoid providing clear guidance before the August nonfarm payrolls data is released.
Observers expect him to reiterate the Federal Reserve's independence from political pressure.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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