Deutsche Bank: Powell's speech is not expected to have a significant impact on U.S. Treasury yields
2024-08-20 15:36:54
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Deutsche Bank economists said in a note that historical data suggested Treasury yields would likely respond to Federal Reserve Chairperson Jerome Powell's Jackson Hole speech on Friday, but only by five basis points. Still, markets "will be looking for any clues about how the FOMC will handle the timing, pace and magnitude of future rate cuts, and any material signals could have a significant impact on markets".
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