
Powell's Hawkish Turn: What It Means for Rates and Bonds
Schwab Network · Schwab Network
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Show Notes
Fed Chair Powell's hawkish tilt took markets by surprise, as the central bank left interest rates unchanged. Neil Sun breaks down the implications for investors, citing crucial upcoming data and the Jackson Hole meeting. He still expects two rate cuts this year, with the first potentially coming in September, and sees value in owning 2-year Treasury securities and 30-year yields anchoring around 5% or higher.
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