Warsh Says Relative Price Changes Should Not Broaden Out
Warsh says the job is to ensure relative price changes do not broaden out.
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10-Year TIPS Real Yield Reaches 2.78% as S&P 500 Gains 16.8%
The 10-year TIPS yield closed at 2.78% on Oct. 15, up from 1.71% a year earlier, while the S&P 500 rose 16.8%. The article says earnings growth offset a lower forward valuation multiple and examines how higher real yields could pressure equity valuations.