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Capital market rates: US Federal Reserve does not intervene for the time being


The US Federal Reserve apparently sees the rise in yields on US government bonds relaxed. Fed Chairman Jerome Powell also rates the risk of inflation as low.

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Jerome Powell


The US Federal Reserve has expressed cautiousness about the rising interest rates on the capital market.

You look carefully at the development in the bond markets, said the chairman of the US Federal Reserve, Jerome Powell.

He did not promise any action against this.

As a result, interest rates rose again.

At its peak, the yield on ten-year US bonds climbed to 1.54 percent in the evening and is thus close to its annual high at the end of February.

The government's major economic stimulus programs recently fueled concerns about the economy overheating and rising inflation.

Powell himself does not see any inflation risks according to his own statements.

He said he didn't expect the long period of low inflation to be over anytime soon.

Powell expects the recovery in the labor market to continue.

"There are good reasons to believe that job creation will continue over the next few months," he said.

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ssu / dpa-AFX

Source: spiegel

All business articles on 2021-03-04

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