Expectations of early interest rate cuts exacerbate inflation concerns, 10-year US bond yields rise
Internet reports said that Trump was about to fire Federal Reserve Chairman Powell. Affected by this, the US dollar fell sharply and the yield on the 10-year Treasury bond rose. The possibility of early interest rates has heightened concerns that inflation could accelerate, which in turn could lead to higher borrowing costs in the future. Affected by market concerns, the 10-year U.S. bond yield rose to 4.49% from 4.44% before the news was announced.
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