NEW YORK, USA – Stock indexes mostly rose on Thursday, April 7, as investors snapped up beaten-down shares, while the US dollar climbed to its highest in nearly two years and the US Treasury 10-year yield touched a three-year high following hawkish signals from the Federal Reserve.Helping to boost the S&P 500, Pfizer jumped 4.
Saint Louis Fed president James Bullard, a voter this year on the Federal Open Market Committee, said the Fed remains behind in its fight against inflation despite increases in mortgage rates and government bond yields. A day earlier, minutes released from the Fed’s March meeting suggested the US central bank’s balance sheet reduction could start next month.
In Treasuries, the 2 year-10 year spread widened as traders sharpened their focus on the pace and scope of the Fed’s plans to reduce its balance sheet.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: bworldph - 🏆 9. / 68 Read more »