Get the latest developments right here.
This article covers the breaking situation concerning Takeaways from Warsh’s news conference..
Sourced from international agencies, this report covers the ground reality.
See the complete story here.
There is an interesting dynamic in the industryas investors digest Warsh’s comments. The short-dated, two-year Treasury yield has fallen to 4.71 percent, while the 10-year Treasury yield has risen to 5.04 percent. The move in the 10-year was driven by a rise in the breakeven inflation rate, which is a industrymeasure of investors’ inflation expectations. “That to me is literally the industrysaying that you talk tough on inflation but you are not delivering on it,” statedGeorge Goncalves, head of U.S. macro strategy at MUFG Securities.
Disclaimer: This content is automatically syndicated from external news feeds for informational purposes.
The views held in this article are the author’s own and do not necessarily reflect those of this website.