US Treasury yields rise as Fed's Waller presses rate hike case
Following remarks from Federal Reserve Governor Christopher Waller, short-dated Treasury yields saw an uptick, as he proposed the necessity of action despite seemingly moderated inflation data. Waller highlighted a possible half-point rate increase if inflation intensifies, signaling potential shifts in monetary policy. Economists expect a modest rise in core inflation, guiding market anticipations as money markets...
Key Takeaways
- Following remarks from Federal Reserve Governor Christopher Waller, short-dated Treasury yields saw an uptick, as he proposed the necessity of action despite seemingly moderated inflation data.
- Waller highlighted a possible half-point rate increase if inflation intensifies, signaling potential shifts in monetary policy.
- Economists expect a modest rise in core inflation, guiding market anticipations as money markets now fully reflect a 25 basis point increase in December.
Following remarks from Federal Reserve Governor Christopher Waller, short-dated Treasury yields saw an uptick, as he proposed the necessity of action despite seemingly moderated inflation data. Waller highlighted a possible half-point rate increase if inflation intensifies, signaling potential shifts in monetary policy. Economists expect a modest rise in core inflation, guiding market anticipations as money markets now fully reflect a 25 basis point increase in December.
Original Publisher Attribution
This summary was curated from Economic Times.