Brent crude tops $102, 10-year yield hits 5.11% in double blow for markets
Brent crude rose above $102 and 10-year Treasury yields hit 5.11%, pressuring stocks.
1 h ago12 min read
Fed's Barr signals further rate increases likely needed for 2% inflation goal
Fed's Michael Barr said more rate hikes are likely needed to bring inflation back to 2% in a timely manner.
23/09/2026 14:212 min read
- The odds of hitting 2% inflation have grown more challenging, while risks to the job market have diminished
- Ahead of the latest policy meeting, the Fed had to adjust monetary policy to account for shifting risks
- The Fed was misaligned and moved in the proper direction with its adjustment
- Inflation is not moving steadily toward the target at a suitable pace, economic expansion remains robust, and the labour market is healthy
Growth accelerated further after Tuesday's US S&P Global PMI reached its highest level in five years.
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