Fed Vice Chair Bowman supports potential rate cut in July, causing bond yields to slide.

From Dow Jones & Company: 2025-06-23 10:31:00

Stocks rose and the 2-year Treasury note yield dropped to 3.86% after Federal Reserve Vice Chair Michelle Bowman indicated support for lowering interest rates in July if inflation remains in check. Bowman stated that upcoming data will influence the decision, with a focus on favorable inflation trends and potential signs of weakening labor market conditions. Iran took a backseat in market focus as attention turned to potential rate cuts to support economic growth. The Fed’s upcoming meeting in July will be crucial in determining the future direction of interest rates based on economic data trends.



Read more at Dow Jones & Company: Bond Yields Slide. Fed’s Bowman Says She Would Support Rate Cut as Soon as July.