Market Extra: The Fed wanted the bond market’s help in fighting inflation. Is it backfiring?

by | Nov 6, 2023 | Stock Market

“‘ With financial conditions, we’re looking for persistent changes that are material … Longer-term rates that have moved up, they can’t simply be a reflection of expected policy moves from us.’ ”

— Jerome Powell at Nov. 1 press conference

Federal Reserve Chairman Jerome Powell said last week that a sharp, recent increase in bond yields may be helping with his fight inflation, suggesting that the Treasur …

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