Central banks will not withdraw monetary policy support until inflation rises above 2 per cent for a sustained period. While a modest increase is to be expected, it is unlikely to be enough to push interest rates higher for some years to come.
U.S. Treasury Secretary Janet Yellen will meet top financial regulators on Thursday to discuss recent volatility in financial markets driven by trading in stocks, including GameStop Corp, the Department of Treasury said.
A U.S. Treasury selloff gathered pace on Monday, with 10-year yields rising to 1.20% and inflation expectations at the highest since 2014 as investors priced an acceleration in economic recovery thanks to President Joe Biden's spending package.
Yields on U.S. Treasuries are rising again, as expectations of an economic rebound pushed the 30-year yield above 2% on Monday for the first time since the pandemic began and the benchmark 10-year yield climbed to its highest level since early 2020. [US/]
The U.S. Federal Reserve is beginning to incorporate the impacts of global warming into its regulatory writ, following in the footsteps of its global peers, according to a paper published Monday by the San Francisco Fed.