Bond market anticipates Fed policy doing damage
Federal Reserve Chair Jerome Powell warned of a return to bigger interest-rate hikes to cool inflation and the economy.
The bond market is doubling down on the prospect of a U.S. recession after Federal Reserve Chair Jerome Powell warned of a return to bigger interest-rate hikes to cool inflation and the economy.
As swaps traders priced in around a full percentage point of Fed hikes over the next four meetings, th
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