Economics
U.S. Bond Yields Pull Off Lows as Fed Embarks on Listening Tour
- Nine officials to speak next week as risk appetite recovers
- Markets still grappling with global growth, trade-war concerns
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Strong data and soothing words pulled markets out of a tailspin Friday, and Federal Reserve Chairman Jerome Powell and his colleagues have plenty of chances next week to bring traders closer to policy makers’ viewpoint on interest rates.
Surprisingly robust U.S. labor figures on Friday helped close some of the gap between investors and the Fed’s projections, which imply two rate hikes in 2019. But rates markets still see the next policy move as a cut, possibly within the year, after weeks of sinking share prices shattered investor confidence.