US bonds in focus after Powell signals further interest rate increases

It comes shortly after Fed’s Powell gave his annual policy speech in Jackson Hole, Wyoming, on Friday.

Powell said the U.S. central bank will “use our tools vigorously” to attack inflation, which remains near its highest level in more than 40 years. He acknowledged that rising interest rates will cause “some pain” for households and businesses.

On the data front, the Dallas Fed’s August manufacturing numbers are scheduled to be released at 1[ads1]0:30 a.m. ET.

Fed Vice Chairman Lael Brainard is scheduled to deliver remarks on the health of the US economy around 2:15 PM ET.

On Monday, the US Treasury Department will auction USD 54 billion in 13-week bills and USD 42 billion in 26-week bills.

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