XY) gained on Tuesday on soaring U.S. Treasury yields, with the 2-year note coming within striking distance from overtaking the psychological 5.00% level. Fed Chairman Powell reinforced the current market dynamics by admitting at a forum in Washington that progress on disinflation has slowed and that firmer price pressures have introduced new uncertainty about the timing of rate cuts.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.