Powell's message was there's still a lot of rate hiking left to do, the ![]() "People don't know how lethal inflation can be if "Powell is telling everyone we're focused on inflation here, we need to ![]() With the rate hikes," said Dec Mullarkey, managing director at SLC Management in That range, the Fed will start to feel they need to be more aggressive next year "If we don't see 7.5% by year end, a lowish 7.3% or 7.4% print, somewhere in United States remains above 8% annually with few signs yet of cooling off. Message that rates would stay higher for longer to battle inflation that in the Those hoping for the Fed to signal a more dovish tone were stung by Powell's Off on the hawkish stance, and remained under pressure on Thursday. The Fed on Wednesday raised interest rates by 75 basis points, as expected, Likely be higher than previously estimated. Powell said the "ultimate level" of the U.S. Two-year note climbing toward 5%, a day after Federal Reserve Chairman Jerome NEW YORK, Nov 3 (Reuters) - Treasury yields jumped on Thursday, with the
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