Us Treasuries In Focus As Powell Signals Further Rate Hikes

Powell said the U.S. central bank would “forcefully use our tools” to attack inflation that is still near a 40-year high. He acknowledged that rising interest rates would cause “some pain” to households and businesses. On the data front, the Dallas Fed’s August production data is due at 10:30 AM. ET. Fed Vice Chair Lael Brainard is scheduled to make remarks on the health of the US economy around 2:15 p.m. ET. The US Treasury on Monday will auction $54 billion in 13-week notes and $42 billion in 26-week notes.