Global bond yields fall after Fed governor says he may back holding rates steady
Summary
Global bond yields dropped after Federal Reserve Governor Christopher Waller said he might support keeping interest rates unchanged if the economy improves. He noted that if the economy makes steady progress toward the Fed’s 2 percent inflation target, he would back holding rates steady.Key Facts
- Bond yields worldwide decreased on Thursday.
- Federal Reserve Governor Christopher Waller spoke about interest rates.
- Waller said he would support holding rates steady if economic conditions improve.
- The Federal Reserve aims for a 2 percent inflation goal.
- Waller is pleased with progress toward that inflation target.
- Holding rates steady means not raising or lowering interest rates for now.
- Lower bond yields often reflect expectations of stable or slower rate hikes.
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