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[Market Interpretation: Powell Focuses on Labor Market Weakness, Eurozone Bond Yields Decline] Eurozone government bond yields fell in early trading, following the trend of U.S. Treasury yields. The market interpreted Federal Reserve Chair Powell's remarks after a 25 basis point rate cut as focusing more on labor market weakness rather than inflation. Jefferies analyst Mohit Kumar stated that Powell emphasized the greater significance of labor market weakness, while inflation was only described as 'slightly' rising. The voting split suggests that the Federal Reserve will take a cautious approach in the future.

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