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Key Events This Week: PMIs And Powell Trifecta

Key Events This Week: PMIs And Powell Trifecta
zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.

Unfazed by bond market, Fed sets course for sustained, easy policy

5 Min Read (Reuters) - U.S. central bankers on Friday signaled they do not plan to touch the dial on their super-easy policy for some time, expressing little concern over the rapid rise in U.S. Treasury yields in recent weeks, and hope for a robust recovery. FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie A drop in infections, accelerating vaccinations and likely passage of a $1.9 trillion pandemic relief package have driven a surge in bond yields. Some who worry about inflation have speculated the Fed would act to bolster its current bond-buying program to push down long-term borrowing costs.

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