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Stocks Rebound, Curve Steepens on Policy Outlook: Markets Wrap

  • Fed plans to shrink balance sheet by over $1 trillion a year
  • 10- and 30-year yields rise to the highest level since 2019
Bloomberg business news
Commodities, Fed Market Pain, U.S. Dollar: 3-Minute MLIV
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Markets stabilized on Thursday as traders weighed comments from Federal Reserve officials following minutes from the central bank’s latest meeting, which provided more clarity on the bank’s campaign to quell rampant inflation. 

U.S. equities rebounded from a decline while the U.S. Treasury curve steepened with 10- and 30-year yields rising to the highest level since 2019.