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Nasdaq Futures Sink as Treasury Yields Climb: Markets Wrap

Sumary of Nasdaq Futures Sink as Treasury Yields Climb: Markets Wrap:

  • After Fed Keeps Rates Unchanged, Market Moves Mostly Higher, But Techs See-Saw A year after initiating zero interest rates in response to Covid, the Fed long-term outlook still doesn’t show it “thinking about thinking about”..
  • Despite mounting 10-year yields and a rapidly improving economy, the median Fed policy outlook doesn’t anticipate any rate hikes until 2023 at the earliest, the same as in December, the Fed said Wednesday following the Federal Open Market Committee (FOMC) meeting…
  • The closely watched 10-year Treasury yield, which had ticked up to a new 13-month high of nearly 1.69% earlier today, remained higher but off the peak levels at around 1.66% soon after the Fed announcement…
  • What interesting is that the Fed now sees core inflation hitting or exceeding its 2% target this year and next, but doesn’t expect to raise rates despite that…..

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