The Treasury yield curve flattens Tuesday as expectations grow for the Federal Reserve to lift interest rates by75 basis points this week.
The yield on the 2-year Treasury note extended its rise Tuesday as expectations grew for the Federal Reserve to lift interest rates by 75 basis points, or three-quarters of a percentage point, when it concludes its policy meeting this week.
What yields are doing What’s driving the market Investors and economists have boosted expectations for the Fed to raise its benchmark interest rate by three-quarters of a point when policy makers conclude their meeting on Wednesday. Fed Chair Jerome Powell had previously said half percentage point moves were on the table for June and July after the Fed delivered a half-point rise in May.
The Wall Street Journal on Monday reported that recent inflation reports were likely to lead Federal Reserve officials to consider surprising markets with a 75 basis point move. Several economists had also penciled in the possibility of a 75 basis point hike after the May CPI reading. Meanwhile, the sharp rise in real, or inflation-adjusted, yields was blamed for adding to carnage in equity market, with major indexes plunging Monday and the S&P 500 SPX confirming its entry into a bear market.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JP Morgan, Goldman economists now expect Fed to raise rates by 75 basis points on WednesdayEconomists at JP Morgan and Goldman Sachs said in client notes Monday that they now expect the Federal Reserve to raise its policy rate by 75 basis points on Wednesday. Or could it even be 100?
Read more »
Severe thunderstorms, 75 mph winds could hit Chicago before heat wave brings record tempsHeat indices will hit 105-degrees this week, and severe thunderstorms, large hail and a brief tornado are possible Monday, the National Weather Service said.
Read more »
Caught on camera: thieves steal 75 pride flags in BurienAn investigation is underway after at least two thieves tore down and stole more than 70 rainbow-colored pride flags in downtown Burien.
Read more »
FAA asks SpaceX for more than 75 changes before it can use Texas launch siteThe agency's environmental assessment seeks to protect surrounding wildlife and resources. SpaceX treated the assessment’s release as a crucial milestone.
Read more »
See Kate & Allie Now, at 75 and 74 — Best LifeSusan Saint James and Jane Curtin starred on the '80s sitcom 'Kate & Allie' as two best friends raising kids together. See them now.
Read more »