US Treasury Yields Rise After Waller Backs Rate Hike Next Month
Short-dated Treasury yields jumped in London trade after Fed Governor Christopher Waller said the Fed should raise short-term borrowing costs next month, even if inflation has cooled. He also said the Fed should consider an upsized half-point rate hike.
Short-dated Treasury yields jumped in London trade on Tuesday after Federal Reserve Governor Christopher Waller said the US central bank ought to raise short-term borrowing costs next month even if government data shows inflation has cooled.The Fed should also consider an upsized half-point rate hi…