Economists are figuring out the ramifications of tariffs proposed by the Trump administration on future rate cuts by the Federal Reserve by predicting the future inflation rate.
“We think that’s probably going to go up to 3% or so,” said Jay Bryson, a managing director and chief economist for Wells Fargo Corporate and Investment Banking.
Scott Sowers is a reporter based in the Washington, D.C., Bureau where he covers ESG issues, cyber-crime, lobbying, and taxation. Prior to joining The Bond Buyer he freelanced for The Washington … Read full bio
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Concerns regarding AI companies' ability to handle inflation drove the 10-year Treasury under 5%, but with data still running hot, could yields turn upward?
Federal Reserve Chair Kevin Warsh said the Federal Open Market Committee will continue to meet eight times a year, but one such meeting will not include an interest rate vote or an official policy statement.
The Federal Open Market Committee's voting history heading into previous elections might shed light on how it approaches this week's decision.
A split Congress has often been a bullish recipe for Treasuries. Benchmark 10-year yields have been lower on average one and 12 months after midterms that produced such a result.
It's the same task the Fed chairman fumbled in July, when investors took a rate hold in stride but balked at Warsh's unwillingness to signal borrowing costs might need to move higher.
