966 days ago • Posted by Djellza Kolloni
Powell's push to delink hikes from tapering will be put to the test in the bond market
Bond investors may not wait long to oppose Federal Reserve Chair Jerome Powell's efforts to separate the beginning of asset-purchase reduction from the countdown to potential policy-rate hikes. Since Powell stated last week that the central bank could start cutting its monthly bond purchases this year, traders have been predicting the Fed's exit from zero interest rates in early 2023, and Treasury yields have barely moved. @Bloomberg
