Stocks fall as the 10-year Treasury yield nears 5% mark
Summary
Stock prices fell and the 10-year Treasury yield approached five percent following the release of the recent inflation report. A portfolio manager expressed opposition to any further interest rate increases by the Federal Reserve.
“I don’t think they should be raising another 25 basis points,” one portfolio manager said about the Federal Reserve’s benchmark interest rate.
Source: Read the full story at MarketWatch.com - Top Stories
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