The 10-year US Treasury yield held near 4.29% on Thursday, pausing after two sessions of declines as investors awaited the Federal Reserve’s Jackson Hole symposium for policy signals. Markets are focused on Fed Chair Jerome Powell’s remarks for guidance on whether the central bank will counter expectations for near-term easing.Futures now price in an 82% chance of a quarter-point rate cut in September, down from 94% a week ago. Minutes from the Fed’s July meeting showed officials remain more concerned about inflation than labor market risks, with tariffs further dividing the committee. In Washington, President Donald Trump called for Fed Governor Lisa Cook’s resignation over alleged mortgage fraud while continuing to press for lower rates. With Powell’s term expiring in May, Trump is weighing potential successors.
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