U.S. Treasuries May Face Challenges for the Remainder of This Year
Thomas Mathews stated in a report that despite the recent strong performance of U.S. Treasuries, they are expected to struggle for the remainder of this year. 'The weeks-long rally in U.S. Treasuries seems to have paused,' Mathews noted. Remarks made by Federal Reserve Chairman Powell at a meeting in Sintra, Portugal, appear to be a factor contributing to the pause in the rally. Powell stated that there will be no rush to cut rates as long as the economy remains stable. He said, 'For us, we doubt that the Fed will have the evidence needed for a rate cut before next year, and we also doubt it will yield to political pressure.' Capital Economics expects that the Fed will not cut rates before next year.
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