Black Rock Institute Says Fed May Hold Rates Steady, Doing Little to Curb Long-Term Treasury Yields

Black Rock Institute Says Fed May Hold Rates Steady, Doing Little to Curb Long-Term Treasury Yields.

The BlackRock Investment Institute believes the Federal Reserve may not raise interest rates, but says that would do little to curb the rise in long-term U.S. Treasury yields. “We actually think the Fed may stand pat,” said Wei Li, chief investment strategist at the BlackRock Investment Institute.

She said policy uncertainty will continue to fuel investor concerns about future financing costs while Warsh serves as Federal Reserve chair, keeping long-term Treasury yields under sustained pressure.

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