The Fed Chairman affirmed that it is unlikely to raise interest rates in November

Fed Chairman Jerome Powell said that the US Central Bank will likely keep interest rates unchanged at the upcoming meeting, but still leaves open the possibility of raising interest rates in the future if policymakers see more signs of see solid economic growth.

The recent increase is mainly due to increased term premium. There are a number of factors that are causing investors to demand higher yields, such as the Fed's quantitative tightening program.

“Investors are rethinking the overall health of the economy and thinking that even long-term bonds need to offer higher yields. They focus more on the budget deficit, and the Fed selling large amounts of bonds may also be a reason."

But any signs of accelerating growth or a warming labor market could lead the Fed to tighten monetary policy further #btc #ETH $BTC $ETH