U.S. Treasury yields back off highs: Assessing Trump’s Fed fight
As traders tried to evaluate the result of President Donald Trump’s attempt to take responsibility for the Federal Reserve, long -term US treasury returns on Wednesday.
. 30 -year Treasury yield It was 1 basis higher in the late transaction and gave 4.912% after the previous process after the previous process. The 10 -year Treasury return fell more than 4.234% after rising above 4.27%. The 2 -year efficiency has touched its width since April since April. A basic point is equal to 0.01%and yields move against prices.
Since the end of Monday, investors have been busy that a FED, which was controlled by Trump, could reduce short -term borrowing rates, and that long -term returns may increase if the Central Bank is far from fighting inflation to host the president.
President Donald Trump went to social media on Monday to say that the Federal Reserve Governor Lisa Cook, a voting member of the Central Bank’s Policy Determination Open Market Committee. On Tuesday, the President said that the Central Bank’s candidates at the Board of Directors of the Central Bank would be “in a very short time” as part of the Fed’s short -term interest rate.
California University, Berkeley and the first African-American woman serving as the governor of the Fed, a doctorate in the field of economics, a doctoral doctoral Federal Housing Finance Agency Cook’s director Bill Pulte made the wrong statements about applications for one or more of home mortgages.
Cook plans to sue Trump for igniting and filed a lawsuit that challenges its abolition. Steve Liesman learned from CNBC.
Lawyer Abbe Lowell said in a statement, “President Trump has no authority to remove the federal reserve governor Lisa Cook.” He said.
The Fed said that Trump would comply with any court decisions as to whether he had the authority to remove the cook.
Krishna Ghaha, the President of the Global Policy and Central Bank Strategy Strategy in Evercore Heat, warned Trump that Trump was at risk of “a potential rebellion in the bond market”.
As for the course of the economy this summer, investors are looking at the economic data of this week;
On Friday, the inflation indicator preferred by the FED, a personal consumption expenditure index, brings the most important economic number of the week when the market is released before opening. This will provide a significant update as to whether inflation is moderate as a result of the high tariff policy of management, and on September 16-17, it comes less than three weeks before the next Federal Reserve Policy meeting.
