Bond Turmoil Threatens to Erupt Anew With Inflation Haunting Fed
Fed was “trying to send a message of sustained expectations for 50 basis point increases,” but “unintentionally gave a very dovish message.
Fed was “trying to send a message of sustained expectations for 50 basis point increases,” but “unintentionally gave a very dovish message.
It's "uncertain" whether the Federal Reserve "can land the plane very smoothly", says Goldman Sachs (GS) CEO David Solomon.
The U.S. Treasury now anticipates a paydown in government debt this quarter, a turnaround after previously estimating net borrowing.
The Fed chair and his colleagues want to lift rates expeditiously to a neutral level this year that neither stimulates nor restrains growth.
For first time this year, traders are pricing in near-equal chance that Fed policy makers in June will raise their benchmark rate by 75 basis points.
Which case is most likely is at the heart of a debate among investors bracing for the most aggressive U.S. monetary tightening in decades.
Rep. Katie Porter (D-CA) is one of several politicians calling for a ban on stock trading by current members of Congress.