Treasury yields rose slightly on Monday morning, and investors were preparing for this week’s Federal Reserve Board’s two-day policy meeting.
The Federal Open Market Committee will meet on Tuesday and Wednesday to discuss policy. Federal Reserve Board Chair Jerome Powell will hold a press conference following Wednesday at 2:00 pm EST.
Fed Repeat commitment to simple monetary policy.. But investors are watching to see if inflationary concerns have any impact on their forecasts, especially given higher-than-expected CPI measurements last May.
Barclays Chief Market Strategist Julian Lafarg told CNBC’s Squawk Box Europe on Monday that inflationary pressures are temporary and “should gradually disappear towards the second half of the year” with the Fed and the European Central Bank. He said he widely agreed with the bank’s beliefs. This year’s”
Lafarg said Barclays expects inflation to rise slightly in the future, but not as high as it was measured in May.
“We see a recovery, so it may settle in the 2% to 3% range for a while, but that will be the upper limit of what we expect,” he added.
There are no major data releases scheduled for Monday.
The auction is scheduled to take place on Monday, with a 13-week invoice of $ 57 billion and a 26-week invoice of $ 54 billion.
Focusing on Fed meetings, Treasury yields will rise slightly
Source link Focusing on Fed meetings, Treasury yields will rise slightly