US Bond Market Rally Faces Headwinds as Federal Reserve Signals Openness to Rate Hike
The US bond market's recent momentum encountered a sudden obstacle following comments from a Federal Reserve official hinting at a possible interest-rate increase. During a conference in Washington, New York Fed President John Williams remarked that while an additional rate hike is not immediately anticipated, the Fed is open to adjusting rates upward should economic data suggest it necessary for achieving its goals.
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