U.S. Treasury yields were higher on Friday as investors awaited a speech by Federal Reserve Chairman Jerome Powell who is expected to give an indication of the central bank’s hawkishness…. Markets will be watching Powell’s speech at 9 a.m. CT for clues on inflation, the U.S. growth outlook, front-loading and the potential for monetary easing in 2023, analysts at ING said in a note. … Powell is likely to say that the central bank will not back away from using interest rate hikes to snuff out inflation. Fed watchers also say Powell may indicate that after the Fed finishes raising rates, it is likely to hold them there. The market currently expects it to start cutting interest rates next year.
Source: CNBC – Bonds
