U.S. Treasury yields declined on Friday as investors considered the latest economic data and remarks from Federal Reserve officials.
U.S. Treasury yields declined on Friday as investors sought safety following a strike by Israel against Iran, while they considered the latest economic data and remarks from Federal Reserve officials.that Israel conducted a limited strike against Iran. Earlier, Iran's Fars news agency reported explosions were heard near the airport at the country's central Isfahan city, but the reason was unknown.
"I definitely don't feel urgency to cut interest rates," New York Fed President John Williams said on Thursday, adding that this position was linked to strength in the economy. Interest rates would eventually need to be cut, but that would depend on how the economy develops, he said at Semafor's World Economy Summit.
Elsewhere, Atlanta Fed President Raphael Bostic said rate cuts may not come until the end of the year, and that he was"comfortable being patient," while Minneapolis Fed President Neel Kashkari suggested rate cuts may not begin until 2025. The comments echo those of other Fed policymakers, including Chairman Jerome Powell.
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