Rising bond yields and higher inflation leave the Fed trapped in a rate-hike dilemma
Summary
Recent inflation data and a sharp reaction in the bond market have created a difficult policy environment for the Federal Reserve. Policymakers now face a complex dilemma regarding potential interest rate hikes as price pressures remain elevated.
There isn’t any way to spin Wednesday’s hot consumer-price index report as good, especially when looking at the bond market’s reaction.
Source: Read the full story at MarketWatch.com - Top Stories
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