Powell Smashes Yield Curve Flatter by Sowing Doubts on Rate Cuts
Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C., U.S. (Photographer: Andrew Harrer/Bloomberg)

Powell Smashes Yield Curve Flatter by Sowing Doubts on Rate Cuts

(Bloomberg) -- The flattening U.S. yield curve is signaling that bond traders aren’t as confident as Federal Reserve Chairman Jerome Powell that what he calls a “mid-cycle adjustment” in rates will...
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