Those fears were realized when Powell said: "If the totality of the data were to indicate that faster tightening is warranted, we would be prepared to increase the pace of rate hikes."
"Powell has essentially opened the door to 50 basis point hike," said Chris Weston, head of research at Pepperstone. Shorter-term Treasury yields continued its ascent on Wednesday, with the two-year U.S. Treasury yield, which typically moves in step with interest rate expectations, up 2.7 basis points at 5.038%, its highest since mid-2007.
"Given what we already knew, Powell's hawkish remarks shouldn't have been a surprise, but evidently the market was not prepared," said Rodrigo Catril, senior currency strategist at National Australia Bank.
España Últimas Noticias, España Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Fuente: FXStreetNews - 🏆 14. / 72 Leer más »