Taper tantrum haunts Yellen as rate rise approaches
Fed officials fret that bond yields near record lows will surge once rates are raised
Washington
JANET Yellen is haunted by the taper tantrum as the Federal Reserve lays the groundwork for its first interest rate increase in almost a decade.
The Fed chair and her colleagues are fretting that bond yields near record lows could surge once the Fed starts raising rates, according to minutes of their April meeting released this week. Higher costs of everything from mortgages to car loans could result, potentially putting the fragile economic recovery at risk.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
EU, ISSB agree on minimising overlaps in company climate disclosures
US law firm Mayer Brown to split from Hong Kong partnership
US labour costs rise by most in a year as productivity cools
US trade deficit narrows slightly in March
Canada posts surprise trade deficit as gold exports fell in March
OECD upgrades global growth outlook as US outperforms