US yields pare decline after Fed raises rates
U.S. Treasury yields pared their drop after the Federal Reserve raised interest rates and signaled further increases in borrowing costs to control inflation; the decision was unanimous.
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06:15:24 PM UTC
SquawkNews
The Federal Reserve raised interest rates on Wednesday and flagged further increases in borrowing costs in coming months, with new U.S. central bank chief Kevin Warsh joining a unanimous decision that effectively acknowledges the Trump administration's inability so far to control inflation.New poli…
The Federal Reserve raised interest rates on Wednesday and signaled that borrowing costs could rise further in the coming months. S. central bank chief Kevin Warsh joined a unanimous decision that effectively acknowledges the Trump administration has so far been unable to control inflation.