Treasury yields rise on Fed's more hawkish inflation and interest rate stance

Two rate hikes now expected in 2023

Anna Fedorova
clock • 3 min read
Fed takes more hawkish stance on inflation and rates
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Fed takes more hawkish stance on inflation and rates

The minutes from the Federal Reserve’s FOMC meeting yesterday (16 June) have revealed a more hawkish stance on inflation and rate hike forecasts, sending 10-year treasury yields higher on the news.

The statement was adjusted to reflect the rising inflation in the US so far in 2021, which hit 5% in May year-on-year, with the headline inflation estimate for the year revised to 3.4%, up a full percentage...

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