Economy · News reference
The 10-year Treasury yield rose 6 basis points to 4.85%, its highest since October 2023, as $100 crude revived inflation fears ahead of next week's Fed meeting.
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The bond market is defying the Treasury as yields rallied even after it tripled its long-term bond buyback to $6 billion.
Investor Peter Schiff said he doesn't believe the Fed will raise rates next week, even if a quarter-point move would do nothing.
Former Fed economist Claudia Sahm views a rate hike as 'appropriate policy' for next week's Fed meeting.