Treasuries Rise as Fed in No Hurry to Cut Despite Higher Risks

The Treasury market edged higher after Jerome Powell emphasized that the Federal Reserve was in no hurry to lower interest rates, though the central bank cited growing risks of higher inflation and rising unemployment.

Most US government debt securities were up slightly on Wednesday after the Fed kept rates on hold and highlighted risk that trade-related uncertainty could lead to stagflation — or a mix of sluggish growth and high inflation — in the world’s largest economy.