Some investors have worried that the Fed could tip the economy into recession should it become too aggressive in raising its benchmark interest rates in an effort to battle rising prices.
We discuss Jim Reid’s insight ( head of thematic research at Deutsche Bank) that yields on the 10-year Treasury note have spiked through the top line of a downward trend channel tracing back to the mid-1980s, with surging inflation and the Federal Reserve’s reaction to it sparking questions over whether the long-term trend will imminently end.
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