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Derby’s Take: Fed Officials Showing Little Concern About Bond Market Developments
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Federal Reserve officials don’t appear to be worried about rising bond market yields, as they move closer toward the day when they will almost certainly begin a notable withdrawal of the stimulus the central bank has provided the U.S. economy since the spring of 2020.
Over recent days, several Fed officials have said developments in the bond market square with their likely outlook for monetary policy and that more market adjustments are expected over time as the full scope of the pullback becomes apparent.
They...
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