Fed Dissenters Send a Clear Signal to Bond Investors
Yield on 30-year bond surpasses 5% for first time since July.
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It looks like Donald Trump will get the new Fed chair he wants, but his ultimate goal — easier monetary policy — seems to be moving further out of reach, and that’s weighing on the bond market.
Three policymakers objected to language in the Fed’s post-meeting statement yesterday that suggested the central bank would eventually resume lowering rates, highlighting how the Iran war is complicating the economic outlook.