An unrelenting selloff in world government bonds drove U.S. 30-year Treasury yields to 5% for the first time since 2007.
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Tag: Federal Reserve
Nasdaq rises on boost from growth stocks; Fed comments in focus
The Nasdaq rose on Monday, boosted by gains in growth stocks as investors awaited commentary from more Federal Reserve officials and economic data this week.
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Oil prices fall 2% to 3-week low on strong US dollar, profit taking
Oil prices fell about 2% on Monday to a three-week low as a higher-priced Brent contract expired, the U.S. dollar strengthened and traders took profits.
Read More Oil prices fall 2% to 3-week low on strong US dollar, profit taking
Reagan Economist Dr. Laffer Sounds Alarm Bells On Long-Term U.S. Economic Health
U.S. Treasury Secretary Janet Yellen says she is very confident that the economy can achieve a soft landing amidst worries of a possible recession. But Reagan economist Dr. Arthur Laffer says that she is missing the point entirely.
Read More Reagan Economist Dr. Laffer Sounds Alarm Bells On Long-Term U.S. Economic Health
Federal Reserve Hikes Interest Rates To 22-Year High
The Federal Reserve raised interest rates to a 22-year high on Wednesday, following a brief break in rises during the central bank’s attempts to keep unprecedented inflation under control.
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Federal Reserve Raises Interest Rates Again, Highest in 22 Years – Expert Analysis Follows
The Federal Reserve resumed its aggressive rate hikes to tackle inflation, raising the interest rate by a quarter-point today.
Read More Federal Reserve Raises Interest Rates Again, Highest in 22 Years – Expert Analysis Follows