U.S. Treasury yields were mixed early on Thursday, as investors continued to digest the Fed's latest policy decision.
Ron Temple, co-head of multi-asset and head of U.S. equities at Lazard Asset Management, said on Wednesday that with the economy "firing on all cylinders," the Fed was right to reduce its asset purchases.
However, he warned that the Fed should be "judicious" about when and how quickly it raises interest rates. Temple explained that the labor market was still "far from fully recovered" and inflation was "below target nearly 90% of the last decade." He said the Fed should, therefore, "avoid snatching defeat from the jaws of victory in reaction to one year of uncomfortably elevated inflation."
In terms of data due out on Thursday, the number of jobless claims filed last week is due out at 8:30 a.m. ET.Markit's flash purchasing managers' index for December is then expected to come out at 9:45 a.m. ET. Auctions are due to be held on Thursday for $30 billion of 4-week bills and $25 billion of 8-week bills.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Treasury yields inch higher ahead of Fed meetingU.S. Treasury yields ticked up on Tuesday morning, ahead of the Federal Reserve's December policy meeting.
Read more »
Treasury yields rise slightly ahead of Fed policy verdictU.S. Treasury yields rose on Wednesday morning, as investors waited to hear the outcome of the Federal Reserve's latest policy meeting.
Read more »
Stocks Close Higher as Investors Welcome Fed DecisionStocks rallied after the Fed opened the door to a spring rate increase. The Dow erased early losses to gain 380 points and Treasury yields rose.
Read more »
Fed Meets for First Time Since Powell Signaled Policy ShiftIt is the first meeting since Chairman Jerome Powell said the Fed needed to shift its focus toward preventing higher inflation and away from fostering a rapid rebound in hiring from the pandemic.
Read more »
Fed set to accelerate tightening, with rate hikes waiting in the wingsOmicron and inflation have left Wall Street on edge in recent days, and investors are anxious about how the Federal Reserve will lay out its plan to navigate
Read more »
2022 economy will be hotter and pricier than Fed expected in SeptemberInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »