Powell Pivot: Rate Cut Expectations Plummet, U.S. Treasuries Sold Off, Yields Surge
BlockBeats News, March 19th, Federal Reserve Chairman Powell's latest "hawkish" rhetoric dealt a heavy blow to the market's expectations. After staying put for the second time in a row, Powell clearly stated that the Fed will not cut interest rates until it sees a significant drop in inflation, directly shattering market fantasies. As a result, U.S. Treasuries faced sell-offs:
The 2-year Treasury yield rose to around 3.78%, hitting a 7-month high;
The 10-year yield rose to 4.27%.
Interest rate market expectations quickly cooled, with the probability of one rate cut this year now close to a "50-50" chance, and even discussions about another rate hike emerging.
Analysts believe that the Middle East conflict has driven up oil prices, exacerbating inflationary pressures and prompting the Fed to shift to a more cautious stance. Previous market bets on multiple rate cuts have been largely reversed, leading to significant bond market volatility.
You may also like

Slow Down, That's the Answer to the Age of the Agent

From Cash to Cryptocurrency: Moving Towards a Unified Regulatory Path for Illegal Payments

Who will own the most Bitcoin in 2026

A private feud lasting 10 years, if not for OpenAI's "hypocrisy," would not have led to the world's strongest AI company, Anthropic

"Crypto Tsar" steps down: 130 days of political performance come to an end, how much of Trump's crypto promise remains?

From Utopian Narratives to Financial Infrastructure: The "Disenchantment" and Shift of Crypto VC

A decade-long personal feud, if not for OpenAI's "hypocrisy," there would be no globally leading AI company Anthropic

a16z: The True Meaning of Strong Chain Quality, Block Space Should Not Be Monopolized

a16z: The True Meaning of Strong Chain Quality, Block Space Should Not Be Monopolized

2% user contribution, 90% trading volume: The real picture of Polymarket

Trump Can't Take It Anymore, 5 Signals of the US-Iran Ceasefire

Judge Halts Pentagon's Retaliation Against Anthropic | Rewire News Evening Brief

Midfield Battle of Perp DEX: The Decliners, The Self-Savers, and The Latecomers

Iran War Stalemate: What Signal Should the Market Follow?

Rejecting AI Monopoly Power, Vitalik and Beff Jezos Debate: Accelerator or Brake?

Insider Trading Alert! Will Trump Call a Truce by End of April?

After establishing itself as the top tokenized stock, does Ondo have any new highlights?

