Yields ease as Treasurys shrug off Fitch downgrade
Bond yields were mostly a touch lower on Wednesday as traders shrugged off a downgrade to the U.S. government's credit rating.
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Bond yields were mostly a touch lower on Wednesday as traders shrugged off a downgrade to the U.S. government's credit rating.
Questions are being raised about the extent to which foreign and domestic buyers can continue to keep up their demand for U.S. government debt.
Questions are being raised about the extent to which foreign and domestic buyers can continue to keep up their demand for U.S. government debt.
Throughout the Federal Reserve's drive to kill inflation, policymakers have focused on raising the benchmark overnight interest rate high enough to do the job and getting it there fast enough to keep the public from losing faith. The Fed last week raised its policy rate to the 5.25%-5.50% range, the 11th increase in the last 12 meetings.
In a summer where the resilient American consumer has become the dominant story of the US economy, Barbie and Taylor Swift have taken center stage for good reason.