{"id":50942,"date":"2023-08-21T00:52:54","date_gmt":"2023-08-21T04:52:54","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/wall-street-yields-tread-water-as-investors-await-fed-at-jackson-hole\/"},"modified":"2023-08-21T00:52:56","modified_gmt":"2023-08-21T04:52:56","slug":"wall-street-yields-tread-water-as-investors-await-fed-at-jackson-hole","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=50942","title":{"rendered":"Wall Street, yields tread water as investors await Fed at Jackson Hole"},"content":{"rendered":"
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\u00a9 Reuters. FILE PHOTO: A man walks past an electronic board showing stock visualizations outside a brokerage, in Tokyo, Japan, March 17, 2023. REUTERS\/Androniki Christodoulou<\/span>
\n<\/i>\n<\/div>\n

By Pete Schroeder<\/p>\n

WASHINGTON (Reuters) -Wall Street ended mixed Friday and U.S. Treasury yields stabilized after a recent surge and as investors awaited further interest rate insight from the Federal Reserve next week.<\/p>\n

Global shares were stuck around two-month lows and Wall Street indexes closed nearly flat and narrowly mixed. The ended up 0.08%, the dropped 0.01% and the dipped 0.2%.<\/p>\n

The MSCI world equity index, which tracks shares in 45 nations, was last down 0.24%.<\/p>\n

Yields on benchmark 10-year U.S. Treasuries stepped back after flirting with 16-year highs earlier in the week. Investors expected the Fed may hold interest rates higher for longer as the U.S. economy continued to show strength.<\/p>\n

“August historically has been a weak month for markets and it isn\u2019t surprising that after a big rally to start the year, that investors would take a breather. The headlines haven\u2019t changed all that much, but the lens with which investors are viewing those headlines has,” said Blake Emerson (NYSE:), global investment specialist at JP Morgan Private Bank.<\/p>\n

Ten-year yields were last at 4.255%, after reaching 4.328% on Thursday. A break above the 4.338% level reached in October would have brought yields to their highest since November 2007.<\/p>\n

The , which tracks the currency versus a basket of six competitors, was down 0.16%. But despite the daily dip, the greenback posted a fifth consecutive week of gains, its longest winning streak in 15 months.<\/p>\n

Minutes this week from the Federal Reserve rate-setting July meeting showed most members of the rate-setting committee continued to see significant upside risks to inflation, suggesting more hikes are in the pipeline.<\/p>\n

Attention now turns to the Fed and other top central banks’ annual gathering in Jackson Hole, Wyoming. Investors will scrutinise a speech from Fed Chair Jerome Powell next Friday for clues about the interest rate outlook.<\/p>\n

“We view the event as a good opportunity for Powell to start laying the ground for the next step in the Fed’s policy guidance: no longer focused on how many hikes to expect, but rather on rates remaining ‘higher for longer,'” said TD Securities analysts in a note.<\/p>\n

Markets are already scaling back rate cuts bets next year. <\/p>\n

Oil prices rose, but posted a weekly decline, snapping a seven-week winning streak as China’s slowing economic growth clouded the picture for demand.<\/p>\n

For the day, was up 0.77% at $84.85 a barrel. jumped 1.13% to $81.30 a barrel.<\/p>\n

The yen was trading at 145.33 against the dollar, having been hammered this week to a nine-month low of 146.56 per dollar as yield differentials between the U.S. and Japan widened. It is near levels that sparked an intervention by Japanese authorities late last year.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. FILE PHOTO: A man walks past an electronic board showing stock visualizations outside a brokerage, in Tokyo, Japan, March 17, 2023. REUTERS\/Androniki Christodoulou By Pete Schroeder WASHINGTON (Reuters) -Wall Street ended mixed Friday and U.S. Treasury yields stabilized after a recent surge and as investors awaited further interest rate insight from the Federal […]<\/p>\n","protected":false},"author":1,"featured_media":1680,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-50942","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nWall Street, yields tread water as investors await Fed at Jackson Hole | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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