Powell said that a half-point interest rate increase will be”on the table” when the Fed meets in May, adding it would be appropriate to “be moving a little more quickly.”
“Powell is intimating that avoiding a recession will not be easy. That is new,” said Tim Ghriskey, senior portfolio strategist for Ingalls & Snyder in New York. Two-year yields, which are highly sensitive to interest rates, reached 2.730% on Thursday, also the highest since December 2018, before dipping back to 2.686%.
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