Bond yields dropped globally on Thursday after Federal Reserve Governor Christopher Waller signaled he would back keeping rates unchanged if the economy continues to improve toward the 2 percent inflation target. Waller’s comment came amid a market that had been pricing in a possible rate hike, and his willingness to maintain the policy rate steadied investor sentiment. The announcement helped calm volatility across major bond markets, with yields on U.S. Treasuries and European government debt easing in response. The move underscores the Fed’s cautious stance as it balances inflation control with economic growth.
Bond yields around the world fell on Thursday, after Federal Reserve Governor Christopher Waller said he would support holding interest rates steady if economic conditions warrant it. “If there is continued progress toward our 2 percent goal, then I am willing to support holding the policy rate at its current level,” Waller said Thursday at...
