All Eyes on Jackson Hole Ahead of Powell Speech
Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.US Treasuries snapped two days of gains as traders pared bets on a September interest-rate cut ahead of the Federal Reserve’s gathering at Jackson Hole. The yield on the 10-year benchmark rose four basis points to 4.33%. The two-year yield — which is more sensitive to changes in monetary policy — moved up to 3.79% Thursday in New York. The selloff accelerated after Fed Bank of Cleveland President Beth Hammack said she wouldn’t support lowering interest rates if the meeting were tomorrow, citing…
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