Short-term government-bond yields declined after the Federal Reserve raised interest rates by 0.75 percentage point at its July meeting
Central bank delivered a widely expected 0.75-percentage-point increase in interest rates, driving down shorter-term yields
Evidence is growing that the Federal Reserve is well behind on inflation and needs to make up for lost time. WSJ’s Dion Rabouin explains how we got here and what the Fed is doing to catch up. Illustration: Ryan TrefesShort-term government-bond yields declined Wednesday afternoon after the Federal ReserveMost investors considered the Fed’s rate increase, which brought its target to a range of 2.25% to 2.5%, a foregone conclusion.
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