Good afternoon and welcome to Markets Desk.
Federal Reserve Chair Kevin Warsh has named the members of five newly formed task forces designed to examine the Fed's operations and advance the conduct of monetary policy. The roster includes high-profile names like venture capitalist Marc Andreessen and Walmart chief Doug McMillon, signaling Warsh is pulling in private-sector heavyweights to scrutinize how the central bank does its work.
On the rates side, ten-year Treasury yields pulled back Thursday after touching their highest closing level in well over a month. Treasuries had sold off sharply across the prior two sessions, so Thursday's recovery looks like a modest technical reprieve rather than a fundamental shift in sentiment around the rate outlook.
Meanwhile, a new Federal Reserve survey finds forty-nine percent of adults ages eighteen to twenty-nine are living at home with their parents, up twelve points since twenty nineteen. One economist warns the ripple effects run deep, potentially reshaping household formation, marriage rates, and first-time home buying for years to come as affordability pressures keep young adults sidelined from independence.
That's the tape. Markets Desk, signing off the floor.
