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Fed’s Hard Line on Interest Rates Fuels Bond Rout
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The Federal Reserve’s signals of more interest-rate increases ahead rattled financial markets anew Thursday, sending stocks lower and driving bond yields back near multiyear highs.
The declines extended losses that began after Fed Chairman Jerome Powell’s Wednesday-afternoon warning that high inflation means it is still too soon to think about any pause in the central bank’s inflation-fighting campaign. His comments dashed Wall Street’s hopes for some relief after officials lifted the target fed-funds rate by 0.75 percentage points for the fourth straight meeting.
Read more on wsj.comAbout this in other media
Federal Reserve Chief Tells Markets to Focus on Interest-Rate Endpoint wsj.com /1 year ago
Fed Meeting to Focus on Interest Rates’ Coming Path wsj.com /1 year ago
Federal Reserve Hikes by 0.75 Point, Signals Slower Increases but Ultimately Higher Rates wsj.com /1 year ago
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