The Vice Chairman of the Federal Reserve, Richard Clarida, said Friday that US Treasury yields are “still incredibly low” despite the rally seen this week, as reported Reuters.
Additional conclusions
“A little further before we declare victory in goals and start reducing.”
“Hoping to keep up with shopping this year.”
“You could see some inflation above 2% in spring and summer due to calendar effects.”
“Inflation will end the year above that of the previous year, but still below the target.”
“We have the policy positioned exactly where we want it.”
“He is not concerned with the 10-year treasury yield above 1%.”
“I’d rather focus on why rates are increasing than levels.”
“Changing the approach to purchasing is an option, but for now we like the current policy.”
“It is not necessary now or in the short term to adjust the duration of purchases.”
“Mighty forces are cutting rates risk-free everywhere, that’s a force in asset valuations.”
“I’m not concerned because I think market valuations reflect a faster rally in profitability.”
Market reaction
The US Dollar Index It did not show an immediate reaction to these comments and was last seen gaining 0.08% on the day at 89.88.
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