The bond market prepares for a hike to interest rates, while US stocks drift lower
β’ The bond market experienced volatility on Friday as investors increased bets that the Federal Reserve will soon raise interest rates to combat high inflation. β’ U.S. stocks drifted slightly lower following a speech by Chairman Kevin Warsh, which reinforced the belief that the Fed is committed to lowering inflation. β’ This shift is significant because it suggests the Federal Reserve is willing to accept short-term economic pain to ensure long-term price stability.
finance.yahoo.com


