Minutes Show Tapering Unlikely, Eyes on Powell Next Week

Can you feel it? The fear of a taper tantrum is in the air. Long-term yields are steepening and the annual testimony of Federal Reserve Chairman Jay Powell on monetary policy next week may be contributing to why markets were on edge. A sell-off in US bonds likely contributed to choppy markets this week.

Fed Minutes from the last policy meeting were released this week and showed some lively debate amongst governors but the headline is the same; the Fed is very serious about letting inflation ...

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