While you were sleeping: Second-guessing the Fed

Thu, 15 Jun 2017

By Margreet Dietz June 16 (BusinessDesk) - Wall Street and US Treasuries retreated a day after the Federal Reserve announced an increase in interest rates as investors second-guessed the central bank’s assessment of the outlook for inflation. “The fact that the Fed is tightening against the backdrop of slowing inflation implies that the market continues to price in policy error,” Jabaz Mathai, head of US rates strategy at Citigroup, said in a note, Bloomberg reported. US Treasuries weakened, pushing yields on the benchmark 10-year not...

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