Fed’s rates talk sends global markets into tailspin
Dollar, treasuries surge as US Federal Reserve sees interest rates rising more quickly than expected
17 June 2021 - 11:43
London — World equities headed for their biggest fall in weeks on Thursday after the US Federal Reserve startled investors by signalling it might raise interest rates at a much faster pace than assumed, sending bond yields and the dollar sharply higher.
The dollar added to what was the strongest one-day rise in 15 months after the Fed meeting, while Europe’s government borrowing costs moved higher after 10-year US Treasury yields rose by their most since early March...
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