U.S. Treasury yields held steady on Wednesday as investors looked ahead to key data and digested remarks from Federal Reserve Chairman Jerome Powell.
Powell on Tuesday said progress was being made on inflation. Recent inflation readings indicated that "we are getting back on the disinflationary path," he said.
Minutes from the Fed's latest meeting are expected Wednesday, which investors will be watching closely for clues about policymakers' thinking and expectations when it comes to inflation and monetary policy.
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