Odaily planet daily news Deutsche Bank economists said in a report that historical data show that the yield on US bonds may react to Fed Chairman Powell's speech at the Jackson Hole on Friday, but only by 5 basis points. Nonetheless, the market "will still look for any clues on how the FOMC will handle the timing, pace, and magnitude of future interest rate cuts, and any substantive signals could have a significant impact on the market". (Jinshi)
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Deutsche Bank: Powell's speech is not expected to have a significant impact on US bond yields
Odaily planet daily news Deutsche Bank economists said in a report that historical data show that the yield on US bonds may react to Fed Chairman Powell's speech at the Jackson Hole on Friday, but only by 5 basis points. Nonetheless, the market "will still look for any clues on how the FOMC will handle the timing, pace, and magnitude of future interest rate cuts, and any substantive signals could have a significant impact on the market". (Jinshi)