Fed's Daly Says Gradual Rate Rises Seem Prudent

Market news

17 October 2018

Fed's Daly Says Gradual Rate Rises Seem Prudent

"The way I'm approaching it...is very consistent with the way the [rate-setting Federal Open Market Committee] has been approaching it while I haven't been a member or participant, and that is you make a gradual pace of normalization" to help keep the economy moving forward, Ms. Daly said. - via DJ

EU Brexit negotiator Michel Barnier open to extending Brexit transition by another year - FT

The U.S 10-year Treasury note yield was down 0.6 basis points to 3.158%. The two-year note yield was up by 0.6 basis points to 2.867%, while the 30-year bond yield fell 1.2 basis points to 3.330%, according to Dow Jones Market Data

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