Treasuries indicate the Fed is getting an edge on inflation
Inflation-adjusted rates on 10-year Treasuries and U.S. households' rising inflation expectations are among the signals that the central bank's efforts are working
The $20 trillion U.S. Treasury market is giving the Federal Reserve a thumbs-up for its efforts to revive inflation after the coronavirus pandemic threatened to inflict a damaging bout of deflation on the U.S. economy.
The best measure of that is inflation-adjusted interest rates on 10-year Treas
Learn more about reprints and licensing for this article.