U.S. Treasury yields climbed on Thursday, particularly at the short end, as investors significantly reduced Federal Reserve rate-cut expectations for the year. The central bank’s hawkish stance and flagged inflation risks, exacerbated by the Middle East conflict, led to this shift. Policymakers now anticipate less easing, with investors pricing in minimal cuts by December.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets