Volatility in the world’s largest bond market has collapsed in recent weeks, but Federal Reserve Chair Jerome Powell’s upcoming press conference may change the picture.
Traders are looking to Powell’s remarks to determine their next move at a time when US policymakers have grown increasingly divided on the outlook for interest rates. A softening labor market is bolstering the case for easing, although that’s being complicated by data showing that a core measure of inflation remains well above target.
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