Markets outpacing the Fed may be in for a Christmas season scolding
After their meeting five weeks ago, U.S. Federal Reserve officials nodded to higher Treasury bond yields as something that could slow the economy and help their inflation fight - if they persisted. They have been declining steadily since, with the yield on the 10-year Treasury falling from more than 4.9% when the Fed ended its meeting on Nov. 1 to below 4.2% on Tuesday. Stocks have rallied, too, with the S&P 500 up nearly 8% since then, also a potential headache for central bankers who want financial conditions to remain tight to keep a brake on economic activity and pull inflation lowe...
Source: yahoo.com
