Well, it happened. The benchmark 10-year Treasury officially hit 5% late yesterday afternoon. It’s become more popular than Tesla and Nvidia on our…
late yesterday afternoon. It's become more popular than Tesla and Nvidia on our website lately. That's how focused the investing public is on it. Its upward surge has been so sharp lately as to be considered somewhat"disorderly."it's a financial market problem that may not have a financial market solution.
In fact, he deflected the issue entirely in the question-and-answer portion after his speech. When asked about the problem of budget deficits, Powell answered,". We wouldn't change monetary policy because we think, for instance, the U.S. is on an unsustainable path. Everyone knows that. We're just going to focus on maximum employment and stable prices."
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