Dollar Tantrum Screams Louder as Data Cast Doubt on Fed Timing
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Ben S. Bernanke isn’t the only one who can cause markets to throw a tantrum.
The dollar fell to a three-month low as rising bond yields in Europe sapped demand for U.S. assets, creating a selloff Goldman Sachs Group Inc. compared to the “taper tantrum” the former Federal Reserve chairman initiated in 2013. Janet Yellen, the current Fed chair, added to the woes by saying long-term interest rates could jump when the central bank raises its benchmark rate, sending U.S. stocks and bonds lower.