NEW YORK. — US Treasury prices rose on Friday in a subdued trading session, as investors prepared for a data-heavy week, updates on US trade talks and a Federal Reserve policy meeting.
The US central bank is expected to leave interest rates unchanged at its rate-setting meeting next week, but all eyes will be on Fed Chair Jerome Powell’s remarks, as investors look for clues on whether rate cuts are on the horizon this year.
A US trade deal with Japan this week and expectations of a similar agreement with the European Union have eased market concerns ahead of President Donald Trump’s August 1 tariff deadline, as the prospect of lower-than-feared import duties is largely seen as softening their economic impact.
European Commission President Ursula von der Leyen will meet Trump on Sunday in Scotland, after EU officials and diplomats said they expected to reach a framework trade deal this weekend.
