Bit. This is what happened here. The 2year treasury yield topping 5 after fed chair jay powell made his first comment after the hotter than expected data. We said its moving sustainably toward 2 before proemtsly easing policy. The recent data have clearly not given us greater confidence and instead indicate that its likely to take longer than expected to achieve that confidence. Powell echoed recent statements by other fed officials indicating the current policy level will likely stay in place until inflation gets closer to its target. And so effectively, andrew, hes saying the data has been coming in increasingly hot. Weve been trending toward it. Now the question for the markets is will we have to establish a new trend and is the bar even higher to start cutting rates. Weve seen banks push out in september, which is 68 at this point. Some have said maybe none in 2024. Maybe its 2025. Can you believe were at 7 . Thats always crazy. I dont think the street should have ever been at 7 or
Russia and china pose in these areas. This is just over two hours good morning. The Committee Meets today to receive testimony from general anthony cotton, commander of u. S. Strategic command or stratcom. And generals steven whiting, commander of u. S. Spacecom or spacecom. Gentlemen, thank you for your service to the nation and extend our thanks to the men and women who serve with you. As in the past we have asked the commanders the stratcom and spacecom to testify together. Until 2019. Spacecom was a part of Strategic Command. Mr. Reed as spacecom continues as an independent command, its important to identify any gaps or seams that emerged during the transition. On the global stage, russia continues to behave recklessly. Recent press reports state that russia is considering violating International Space treaties and endangering the global use of space for Vital Communications and sensing. Further, putin has stab staged the strategy stability and arms control policies both our nation
Russia and china pose in these areas. This is just over two hours good morning. The Committee Meets today to receive testimony from general anthony cotton, commander of u. S. Strategic command or stratcom. And generals steven whiting, commander of u. S. Spacecom or spacecom. Gentlemen, thank you for your service to the nation and extend our thanks to the men and women who serve with you. As in the past we have asked the commanders the stratcom and spacecom to testify together. Until 2019. Spacecom was a part of Strategic Command. Mr. Reed as spacecom continues as an independent command, its important to identify any gaps or seams that emerged during the transition. On the global stage, russia continues to behave recklessly. Recent press reports state that russia is considering violating International Space treaties and endangering the global use of space for Vital Communications and sensing. Further, putin has stab staged the strategy stability and arms control policies both our nation
Russia and china pose in these areas. This is just over two hours good morning. The Committee Meets today to receive testimony from general anthony cotton, commander of u. S. Strategic command or stratcom. And generals steven whiting, commander of u. S. Spacecom or spacecom. Gentlemen, thank you for your service to the nation and extend our thanks to the men and women who serve with you. As in the past we have asked the commanders the stratcom and spacecom to testify together. Until 2019. Spacecom was a part of Strategic Command. Mr. Reed as spacecom continues as an independent command, its important to identify any gaps or seams that emerged during the transition. On the global stage, russia continues to behave recklessly. Recent press reports state that russia is considering violating International Space treaties and endangering the global use of space for Vital Communications and sensing. Further, putin has stab staged the strategy stability and arms control policies both our nation
Russia and china pose in these areas. This is just over two hours good morning. The Committee Meets today to receive testimony from general anthony cotton, commander of u. S. Strategic command or stratcom. And generals steven whiting, commander of u. S. Spacecom or spacecom. Gentlemen, thank you for your service to the nation and extend our thanks to the men and women who serve with you. As in the past we have asked the commanders the stratcom and spacecom to testify together. Until 2019. Spacecom was a part of Strategic Command. Mr. Reed as spacecom continues as an independent command, its important to identify any gaps or seams that emerged during the transition. On the global stage, russia continues to behave recklessly. Recent press reports state that russia is considering violating International Space treaties and endangering the global use of space for Vital Communications and sensing. Further, putin has stab staged the strategy stability and arms control policies both our nation