Wall Street's Fed headache lingers as stocks decline, Treasuries gain

  • 📰 rapplerdotcom
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 86%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Wall Street’s headache over the potential of a relatively fast pullback from stimulus by the US Federal Reserve lingered Thursday, January 6.

BOSTON, USA – Wall Street’s headache over the potential of a relatively fast pullback from stimulus by the US Federal Reserve lingered Thursday, January 6, as stocks sold off again and government bond yields mostly marched higher.

Minutes released on Wednesday from the Fed’s December meeting had shown that a tight jobs market and unrelenting inflation could require the US central bank to raise rates sooner than expected and begin reducing its overall asset holdings. Benchmark 10-year yields rose to 1.7530%, the highest since March 2021, and were last up slightly on the day to 1.7246%. US 2-year yields, which track near-term rate expectations, rose to the highest since early March 2020, the start of the global spread of COVID-19, at 0.8736%.

Investors will now look ahead to a key US jobs report on Friday, January 7, which will follow new eurozone inflation data that the European Central Bank will watch closely.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Duque: Firms rushing to replenish stocks of medicines for symptomsPharmaceutical firms have been working to quickly replenish the supply of branded medicines for symptoms like fever after some drug stores reported running out of stock, Health Secretary Francisco Duque III said on Wednesday.  
Source: gmanews - 🏆 11. / 68 Read more »