Investors Look for Fed’s Take on Growth After US Bond Rally

Mohamed El-Erian, Queens’ College Cambridge president and Bloomberg Opinion columnist, discuses restraints on the Federal Reserve and what he’s looking for in the central bank’s forecast. His opinions are his own.Source: Bloomberg

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By Liz Capo McCormick and Michael MacKenzie

March 19, 2025 at 9:30 AM UTC

Updated on

March 19, 2025 at 3:02 PM UTC

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Bond investors will look for Federal Reserve Chair Jerome Powell’s Wednesday remarks to keep up the momentum behind a rally in the $29 trillion Treasury market.

US government debt has returned 2.4% so far this year, pushing yields to their 2025 lows as the equity market sold off and President Donald Trump’s tariff agenda drew reprisals from trade partners — which led to forecasts for less economic growth and a resurgence of inflation.