New Fed Chair Powell surprised some investors with rate hike comments
3/1/18
< < Go Back
from The Wall Street Journal,
2/28/18:
Jerome Powell’s remarks suggesting a faster pace of U.S. rate increases this year could signal complications for policy makers in Beijing.
New Federal Reserve Chairman Jerome Powell surprised some investors with comments suggesting a faster pace of U.S. rate increases this year. He may also have made life more difficult for policy makers in Beijing.
Mr. Powell’s Senate testimony Monday helped push the yield on 10-year U.S. Treasurys to 2.90%, continuing the rise of recent weeks. It is now just 0.92 percentage below the 3.82% yield on equivalent 10-year Chinese government debt, the narrowest gap since last March and well down from 1.67 percentage points as recently as Nov. 23.
More From The Wall Street Journal (subscription required):
Rss Feed