WALL Street stocks dipped yesterday as US Treasury bond yields pushed higher and minutes from the Federal Reserve’s June meeting signalled the possibility of more interest rate hikes ahead.
While the Fed voted last month to pause rate increases after 10 consecutive hikes, the Fed meeting minutes showed that policymakers believe two likely hikes will be needed in 2023 to bring inflation back down. Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!