Markets Not on Same Page as Fed on Rates
Federal Reserve (Fed) policymaker James Bullard has declared that the path of inflation in the U.S. is “worrisome”, speaking in Tokyo on Friday.
The U.S. central bank’s plan for raising interest rates in the coming years is also too aggressive, asserted the St. Louis Fed president, whose dovish views are well-known.
The comments caused a minor sell-off in U.S. Treasury bonds with the yield on 10-year securities dropping by around 1 basis point to 2.24 percent and causing a mild flattening of the yield curve.
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