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U.S. Treasury yields inched higher on Thursday as investors digested the Federal Reserve’s latest interest rate cuts and uncertainty regarding future monetary policy.

At 6:22 a.m. ET, the benchmark 10-year Treasury yield was up less than 1 basis point to 4.066%. The 2-year Treasury note yield was also up less than a basis point to 3.59%. Meanwhile, the 30-year bond yield added 2 basis points to 4.624%.

One basis point equals 0.01% and yields and prices move in opposite directions.

Investors are weighing the Fed’s latest interest rate cut, which was widely expected and the second time policymakers cut rates this year.

In a 10-2 vote, the central bank’s Federal Open Market Committee lowered its benchmark overnight borrowing rate to a range of 3.75%-4%. The reduction came even as the Fed was flying blind on economic data due to the ongoing government shutdown.

In post-meeting statements, Fed Chairman Jerome Powell cast doubt on whether another rate cut is coming in the next meeting in December.

“In the committee’s discussions at this meeting, there were strongly differing views about how to proceed in December,” Powell said during his post-meeting news conference. “A further reduction in the policy rate at the December meeting is not a foregone conclusion. Far from it.”

Elsewhere, investors also kept an eye on President Donald Trump and Chinese President Xi Jinping’s meeting in South Korea to discuss trade, which concluded on Thursday on a positive note.

The euro zone economy eked out 0.2% growth in the third quarter, just beating expectations, according to flash data from Eurostat on Thursday.

Economists polled by Reuters had anticipated the bloc’s economy to expand by 0.1% between July and September.

The euro zone economy recorded 0.1% growth in the second quarter, following a 0.6% expansion in the first.

Growth in the single currency area was boosted by Spain and France, with the former reporting a 0.6% expansion in the third quarter and the latter registering 0.5% growth (significantly higher than analysts’ expectations for 0.2% growth) despite a backdrop of political instability.

Germany and Italy were drags on the growth rate, however, as both countries’ economies stalled.

The data — which indicates an unexpected economic resiliency — comes ahead of the European Central Bank’s next monetary policy decision, due later Thursday, and removes any immediate pressure on the central bank to cut rates to stimulate the economy.

The central bank is widely expected to keep its key deposit facility rate at 2% at the meeting, having last cut rates in June. The trim came as the euro zone’s annual inflation rate hit 2%, the ECB’s target, though the rate of price rises has risen since, to 2.2% in September.

Despite a lackluster growth outlook, economists say the central bank is unlikely to cut interest rates again for a while.

“The ECB’s rate cutting cycle appears to be over, at least for now, with firmer business activity and rising inflation leaving few doubts that the Governing Council will sit on its hands for a while yet,” Matthew Ryan, head of Market Strategy at financial services firm Ebury, said in emailed comments.