Fed Raises Rates, Yields Hit 2007 Highs as Fuel Costs Set Records: This Week On Wall Street
The Fed hiked for the first time since 2023; the 10-year yield touched 5.04%, and record diesel prices hit truckers and automakers.
Economy · News reference
Elizabeth Warren and Peter Schiff questioned the Fed's independence after Trump claimed he told Chair Kevin Warsh to vote on the rate hike.
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The Fed hiked for the first time since 2023; the 10-year yield touched 5.04%, and record diesel prices hit truckers and automakers.
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The Fed raised rates for the first time since 2023. A day later, the 10-year Treasury yield slipped back below 5% and the entire curve rallied.
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