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Powell avoids giving September interest rate guidance, U.S. Treasury yields rise

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2025-07-30 19:29:17
The bond market is translating Powell's remarks into a sell-off in U.S. Treasuries. Yields have been rising since he began answering reporters' questions at 2:30 p.m. ET, in sharp contrast to the previous decline in yields following the Federal Reserve's divergent decision to keep interest rates on hold at 2 p.m. Powell avoided giving explicit guidance on the September meeting, saying only that upcoming data would guide monetary policy. Markets had expected the Fed to cut rates at the September meeting. Affected by this, the 10-year U.S. yield rose to 4.378% from 4.342% when Powell took the stage.
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