Fed's Powell dashes expectations for significant rate cuts, U.S. Treasury yields rise

ChainCatcher news, according to Jinshi reports, Federal Reserve Chairman Powell stated that Wednesday's rate cut was a risk management decision, and there is no need to adjust interest rates quickly, thus dispelling market expectations for a significant rate cut. U.S. Treasury bonds subsequently fell, and Treasury yields rose. Gennadiy Goldberg, head of U.S. interest rate strategy at TD Securities, pointed out that Powell's reluctance to overly express a dovish stance has affected the direction of interest rates.