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Market reactions to Powell speech

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The U.S. Federal Reserve may need to raise interest rates further to ensure inflation is contained, U.S. Federal Reserve Chair Jerome Powell said on Friday, in remarks that balanced declines in the pace of price increases over the past year with the surprising overperformance of the U.S. economy.

, in remarks that balanced declines in the pace of price increases over the past year with the surprising overperformance of the U.S. economy.MARKET REACTION:TREASURIES: Benchmark 10-year yields US10YT=RR were 4.

27%, up 4 basis points. The 2-year US2YT=RR was at 5.09%, up 7 basis points.
 

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