Fed Minutes Show Many Officials Wanted Rate Hike in July
Several Federal Reserve officials favored an interest-rate hike last month and many indicated that policy tightening would be necessary if inflation didn’t decline, a record of the central bank’s most recent policy debate showed.
The next Fed decision comes in September.
Bloomberg's Michael McKee reports. (Source: Bloomberg)
Treasury buybacks and Fed rate hike signals roil bond market
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- Bond yields plunge after Treasury announces surprise move to ease rising rates NBC News —
- Global bond slump sends long term borrowing costs to highest in decades Business Standard —