Asian markets are mixed after US inflation policy shift
Fed chair Jerome Powell’s plans for 2% average inflation leave some traders wanting more details about how the framework will work
28 August 2020 - 08:19
Tokyo/Washington — Longer-dated Treasury yields and the dollar rose in Asia on Friday after the US Federal Reserve shifted its policy framework to place more emphasis on boosting economic growth and less on worries about letting inflation run too high.
The 10-year US treasury yield rose to 0.7870%, the highest since June 10, which caused the yield curve to steepen, reflecting the Fed’s tolerance for higher inflation...
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