U.S. Treasury yields rise amid Powell's communication with the market

ChainCatcher news, after the Federal Reserve cut interest rates by 25 basis points, the bond market seems to be pricing in a hawkish tone from Chairman Powell's speech. U.S. Treasury yields are rising, with the 10-year Treasury yield reaching levels not seen since the summer. Federal Reserve officials expect next year's inflation rate to remain above the 2% target.

In response, a reporter asked Powell what would lead the Federal Reserve to cut rates in 2025, given this forecast. Powell replied that substantial progress has been made in cooling prices, but further progress is still needed. Additionally, the Federal Reserve wants to ensure that the labor market remains stable. (Jin Shi)