Treasuries Drift as Market Counts Down to Data, Fed Speakers
- Traders are split on the size of next Fed interest-rate cut
- Data could stir up markets, says Commerzbank strategist
The Marriner S. Eccles Federal Reserve building.
Photographer: Stefani Reynolds/BloombergThis article is for subscribers only.
Traders hit the pause button on Treasuries ahead of a series of data and Federal Reserve speakers later Thursday that may determine whether the central bank repeats a jumbo-sized interest-rate cut in November.
US jobless claims as well as revisions to second-quarter growth numbers will shed light on the status of the economy. Then, Fed chair Jerome Powell will headline a slate of eight policymaker speakers when he gives the opening remarks at the 10th annual US Treasury Market Conference in New York.