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1 Big Thing: How the Fed Chief Interprets the Bond Rout
Axios, Oct. 20-2023-Neil Irwin
Late yesterday, the benchmark 10-year U.S. Treasury yield surpassed 5% for the first time since 2007 (it has since retreated a bit). Today, we go deep on Federal Reserve chair Jerome Powell’s comments about the surge in yields and what they imply for policy.
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