CoinVoice has recently learned that Pepperstone analyst Michael Brown stated that the market seems to be overreacting to the messages from Federal Reserve Chairman Powell. The veteran research strategist noted in a report that the market currently expects only 31 basis points for the Federal Reserve to cut interest rates in 2025. The U.S. Treasury market reacted to signals from the Federal Reserve to slow down the pace of interest rate cuts, leading to a subsequent sell-off.

Data from Tradeweb shows that the yield on two-year U.S. Treasury notes fell by about 1.5 basis points to 4.342%, while the yield on ten-year U.S. Treasury notes rose by about 2 basis points to 4.522%. [Original link]