TechFlow News, October 22 — According to Jinshi Data, several Federal Reserve officials made cautious remarks suggesting a potential slowdown in the pace of rate cuts, boosting U.S. Treasury yields and the dollar. A recent report from Brown Brothers Harriman noted that comments from Fed officials supporting a slower pace of easing lifted Treasury yields and the dollar on Monday.
Esther George, a 2025 FOMC voter and President of the Kansas City Federal Reserve, stated, "A careful and prudent approach appears appropriate." Minneapolis Fed President Neel Kashkari and Dallas Fed President Lorie Logan also expressed caution regarding overly rapid rate cuts.
According to Tradeweb data, the yield on 10-year U.S. Treasuries rose 3 basis points to 4.214%, while the 2-year Treasury yield increased 2 basis points to 4.045%. The U.S. Dollar Index dipped slightly by 0.14%, yet remained near its 11-week high of 103.87.
