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Federal Reserve officials, including Raphael Bostic and Neel Kashkari, have made statements regarding inflation and the recent rise in 10-year yields. Bostic stated that inflation has improved considerably and that the policy is in a good place to achieve a 2% inflation target. On the other hand, Kashkari mentioned that inflation is headed down and expressed confusion about the recent surge in 10-year yields. He also noted that if higher long-term yields are due to expectations about Fed actions, they may need to follow through and deliver. Kashkari further stated that the rise in yields could leave less for the Fed to do. The possible reasons for the yield surge include rising US debt issuance and higher-growth expectations.
FED'S KASHKARI: RECENT RISE IN 10-YEAR YIELD 'PERPLEXING'
πΊπΈ KASHKARI: **BUT IF HIGHER LONG-TERM YIELDS ARE HIGHER BECAUSE OF EXPECTATIONS ABOUT FED ACTIONS, WE MAY NEED TO FOLLOW THROUGH AND DELIVER **WE WILL NEED TO LOOK AT WAGE AND INFLATION DATA FOR ME TO GET COMFORT WE'VE DONE ENOUGH
π΄ FED'S KASHKARI: BUT IF HIGHER LONG-TERM YIELDS ARE HIGHER BECAUSE OF EXPECTATIONS ABOUT FED ACTIONS, WE MAY NEED TO FOLLOW THROUGH AND DELIVER.
π΄ FED'S KASHKARI: IT IS POSSIBLE THAT HIGHER BOND YIELDS COULD LEAVE LESS FOR THE FED TO DO.
πΊπΈ KASHKARI: 'POSSIBLE' THAT HIGHER BOND YIELDS COULD LEAVE LESS FOR THE FED TO DO
π΄ FED'S KASHKARI: THE POSSIBLE YIELD SURGE REFLECTS RISING US DEBT ISSUANCE.
*FED'S KASHKARI: RECENT RISE IN 10-YEAR YIELD 'PERPLEXING'
π΄ FED'S KASHKARI: THE RECENT RISE IN 10-YEAR YIELD IS PERPLEXING.
πΊπΈ FED'S KASHKARI: **INFLATION IS HEADED DOWN **REASON FOR RISE NOW IN 10-YEAR YIELD IS A BIT PERPLEXING; ONE STORY IS IT IS HIGHER-GROWTH EXPECTATIONS
πΊπΈ FED'S KASHKARI: INFLATION IS HEADED DOWN
π΄ FED'S KASHKARI: INFLATION IS HEADED DOWN.
π΄ FED'S BOSTIC: WE ARE IN A GOOD PLACE FOR POLICY TO GET US TO 2% INFLATION.
π΄ FED'S BOSTIC: INFLATION HAS IMPROVED CONSIDERABLY.