Fed keeps zero-rate outlook, sees inflation bump as short-lived

By Craig Torres Federal Reserve officials continued to project near-zero interest rates at least through 2023, while upgrading their economic outlook to reflect greater optimism over the US recovery from Covid-19 amid a surge in Treasury yields. “Following a moderation in the pace of the recovery, indicators of economic activity and employment have turned up […]

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Bond market reflation trade absorbs punch to extend 2021 advance

By Liz Capo McCormick The reflation trade — the darling of Treasuries investors betting on rebounding growth — is proving resilient. One of the hot wagers of 2021 barely lost a beat this week even after a surprisingly soft report on consumer prices. Long-term Treasury yields touched the highest in almost a year, market proxies […]

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