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fed official expresses caution on future interest rate reductions
Federal Reserve Bank of Kansas City President Jeff Schmid expressed caution regarding the future of interest rates, indicating uncertainty about how much further they should decline. In remarks at an energy conference, he noted that while it's time to ease monetary policy, the ultimate level of interest rates remains to be determined.
treasury yields rise as fed officials signal cautious rate cut outlook
The U.S. 10-year Treasury yield has surpassed 4.2% for the first time in three months, rising to 4.2036%, while the 2-year yield reached 4.0431%. Federal Reserve officials are advocating for a cautious approach to interest rate cuts, with traders anticipating a high probability of a quarter-point cut at the upcoming meeting on November 7. Strong economic data and uncertainty about future rate cuts have contributed to the recent yield increases.
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