U.S. stock futures were up until 2-year Treasury yield on Tuesday kept up its relentless run to 4%.
What I am looking at Tuesday, Sept. 20, 2022 U.S. stock futures were up Tuesday until the 2-year Treasury yield kept up its relentless run to 4%. It reached a new 15-year high at 3.977%. Federal Reserve Chairman Jerome Powell and company begin their two-day September meeting Tuesday, with the market expecting a 75-basis-point interest rate hike for the third meeting in a row. Housing starts too high but permits lower.
kept up its relentless run to 4%. It reached a new 15-year high at 3.977%. Federal Reserve Chairman Jerome Powell and company begin their two-day September meeting Tuesday, with the market expecting a 75-basis-point interest rate hike for the third meeting in a row. Housing starts too high but permits lower.: No end yet to inflation and supplies of nameplates caused the shortfall. The parts are on the most expensive trucks. Still no let-up in costs. Inflation remains everywhere.