10-year Treasury yield leaps as Fed signals caution on future rate cuts
- The Fed Chair Jerome Powell stated that policymakers can be more cautious on rates going forward due to the Federal Open Market Committee's move to cut rates by a full percentage point from their peak earlier this year.
- On Wednesday, the Fed announced another cut to interest rates with a decrease of a quarter percentage point.
- The central bank forecasts fewer rate reductions in the year ahead, predicting two cuts, down from four previously.
- The Fed has entered a new phase of monetary policy, referred to as the pause phase.
Insights by Ground AI
Does this summary seem wrong?
Coverage Details
Total News Sources0
Leaning Left2Leaning Right0Center2Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
