Market Comment| Powell’s testimony reinforced expectations of gradual rate hikes in the US

Summary

  The US 10Y yield trimmed yesterday´s increase, but the 2Y yield continued inched up after Powell’s testimony to Congress supported a gradual tightening of monetary policy, as expected. Regarding the economic scenario, the Fed said that recent data suggest the economy is performing strongly and the risks to the economy are “roughly balanced” (see). […]

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