US Treasuries Rise as Fed Cites Uncertain Path for US Economy
By and Alice Gledhill
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The Treasury market edged higher after the Federal Reserve held interest rates steady while emphasizing growing risks of higher inflation and rising unemployment.
The gains on Wednesday pushed yields lower by as much as four basis points across maturities, with traders holding tight to their wagers on at least three interest-rate reductions in the rest of 2025. While the first cut is fully priced in for September, traders still see solid odds of a move in July.
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