News Briefs

Daniel Kruger of the Wall Street Journal reports that the yield on the 10-year Treasury dropped to its lowest in three months, a sign that some investors are worried U.S. growth may be easing. U.S. trade tensions with China, volatile oil and stock markets, and sliding global growth all have put downward pressure on the 10-year rate. WSJ

According to the Wall Street Journal, Fed Vice Chairman Randal Quarles stated that last week’s remarks from Jerome Powell do not indicate a change in the interest-rate outlook. Quarles also said that current data suggest that the Fed is meeting its dual mandate of full employment and price stability. WSJ